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... and consume less, because their baseline for consumption is typically shared multi-generational living and relative poverty in a developing country.
by contingencies 9y ago
... and consume less, because their baseline for consumption is typically shared multi-generational living and relative poverty in a developing country.
- TeMPOraL 9y agoNot necessarily. This works for developed countries too. As an illustration, see e.g. the premise of the movie "Idiocracy".