Multination companies are becoming increasingly common in developing countries. What are the advantages and disadvantages of this?

The pie charts provide information on how families in South Korea and Singapore spend their income on different categories percentagewise in the years 2000 and 2020. Overall, Singaporeans spent most of their income on housing and spent the least amount of money on health care. While housing

also

accounted for the majority of money spent by South Korean families in the year 2020; it accounted for much less in the year 2000. In terms of family spending in South Korea in 2000, health care made up the smallest part at only 6%;

however

, it rose significantly to 18% in 2020. The

expenditure

on transport and housing

also

grew from 20% and 21% in 2000 to 25% and 30%, respectively.

In contrast

, the spending on food decreased from 24% in 2000 to 20% in 2020. Other categories, which made up 29% of the

expenditure

in 2000, became the smallest category in 2020 at only 7%. There is not much difference in

spending

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the spending

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pattern of Singaporean

family

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families

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in the year 2020 compared to 2000. Housing made up the largest part of

expenditure

for both years at 34% in 2000 and 40% in 2020. Singaporeans spent 3% of their income in 2000 on health care and even though

this

number doubled in 2020, it still accounted for the smallest part of their spending. The money spent on transportation

also

doubled from 10% to 20% in 20 years. The

expenditure

on food and other categories went from 27% and 26% in 2000 to 16% and 18% in 2020.