As the world’s many economies continue to grow, there’s one common benefit: consumers have growing incomes. This means consumers have more money to spend every year. While this can hugely impact consumer goods industries (such as the consumer electronics industry), it also impacts food and drink industries. As consumers get richer, they are more likely to consume tea, coffee, and other such luxury beverages. Also, with growing incomes, consumers are more likely to splurge on higher quality produce, such as higher quality coffee grounds.
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Explanation:
As the world’s many economies continue to grow, there’s one common benefit: consumers have growing incomes. This means consumers have more money to spend every year. While this can hugely impact consumer goods industries (such as the consumer electronics industry), it also impacts food and drink industries. As consumers get richer, they are more likely to consume tea, coffee, and other such luxury beverages. Also, with growing incomes, consumers are more likely to splurge on higher quality produce, such as higher quality coffee grounds.