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For many years researchers and academics believed that lifestyle segmentation (which was often a very successful technique in a home country's domestic market) was a valid segmentation technique.However, recently doubts have been raised.Discuss the weaknesses of lifestyle based segmentation schemes.Think of applications when lifestyle segmentation might be the most appropriate.
Immigration
The action of moving to a foreign country to live permanently, often driven by factors such as employment opportunities, better living standards, or family reunification.
Technological Change
Technological Change refers to advancements and innovations in technology, which can significantly impact productivity, economic growth, and the way society operates.
Labor Supply Curve
A graphical representation that shows the relationship between the quantity of labor supplied and the wage rate.
Technological Progress
The advancement in technology which increases production efficiency and productivity.
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