Posts Tagged ‘car ownership’

  • Our Transportation Infrastructure is Crumbling

    Cars and the Middle Class in Developing Nations

    May 26, 12 • 272 Views • Demand, Supply, and Markets, Developing Economies, Economic Debates, Households, UncategorizedNo Comments

    What does it mean to be middle class? For a developing nation like China, income might be the key. If someone earns between $10 and $50 a day, then that person is middle class. Or perhaps you just need to be able to buy a tall macchiato at a Starbucks or a