different social groups have different expenditure levels what does this indicate
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Explanation:
This indicates that different people have different aspirations and different developmental goals as per their own financial status
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The different social group which exist in the society has a difference in expenditure which indicates their spending pattern and this establishes the diverse form of the social group.
Explanation:
- The social class with different spending behavior is because of the fact of being group with characteristic individual livelihood and the social with religious practices.
- The expenditure level totally depends upon the educational background and the risk taking factor along with the expectations of the individual and most important happiness index.
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