The middle class is the economic growth engine. The middle class also has the highest number of intellects, employed as managers and professionals who are part of significant organisations’ capacity building. It is clear that a thriving and optimistic middle class is necessary to provide a stable consumer-based demand. Beyond that, active engagement of the middle class in the economy has a trickle-up effect on the lower class through entrepreneurship and employment creation. Prioritising convenience and quality over price, the middle class is why branded retail outlets and high-end restaurants exist.

Source: The Edge Markets July 08, 2021 03:22 UTC