Examlex
Name and describe the different types of reference groups that influence consumers.Give an example for each type with a group that influences your behavior.
Globalization
The process involving the integration and interdependence of national economies, cultures, and populations brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Individual-level Inequalities
Disparities experienced by individuals in terms of resources, opportunities, and treatment due to their characteristics.
Country-level Inequalities
Disparities in economic, social, and health indicators among countries, often reflecting global patterns of wealth and power.
Neoliberalism
An economic policy model that emphasizes the reduction of state intervention in the economy, free-market capitalism, deregulation, and reduction in government spending on social services.
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