a situation in which middle- and lower-income households spend beyond their means to keep up with the consumption habits of the wealthy
income remaining after deduction of taxes and other mandatory expenses and addition of government transfers, which households can spend or save
the process of businesses, organizations, countries, and other agents engaging in international interactions, manufacturing, monetary exchange, influence, or trade
money or a money-equivalent received through the selling of capital, including land or labor, or through investments; income may also include in-kind compensation from work (like fringe benefits) or government transfers.
a strategy used by firms to produce parts or whole products in a different economy from which they are based in order to take advantage of lower costs.