Middle class refers to the social group between the upper and working classes, including professional and business people and their families. In this course Dr. Jagdish Sheth discusses their role in the economy as a consumer segment.
At the end of this course, you will be able to:
Know how the middle class has been steadily declining since the late 70s as a consequence of the first energy crisis.
Describe how free trade became the engine for global growth and automation.
Know how the power of trade unions began to decline with privatization.
Describe the bell curve of socioeconomic class.
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