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Micromarketing employs a differentiated marketing mix for specific customer segments,sometimes fine-tuned for the individual shopper.
Consumption
Domestic consumption of goods and services by households.
Autonomous Consumption
The level of consumption that occurs when income is zero, reflecting the basic level of spending necessary to sustain life.
Disposable Income
Available financial resources destined for household spending and saving upon deducting income taxes.
Saving
The process of setting aside a portion of current income for future use, typically to hedge against unexpected expenses, achieve financial goals, or secure a retirement.
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