What Does Lifestyle Mean and Why Is It Important to Marketers

question 311

Essay

What does lifestyle mean and why is it important to marketers?

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Definitions:

World's Income

The total economic output or the aggregate income produced by all countries in the world over a specific time period.

High-Income

Refers to individuals, households, or countries that earn significantly above the average income level, often associated with greater disposable income and purchasing power.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income by the population.