Read the following passage and answer the question.

Many companies have planned for significant investments in organized retailing in India. Several factors have prompted their decisions in this regard. Customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased. The government has also liberalized its economic policies in this regard and permitted even cent percent foreign direct investment in some sectors of retailing.

'The aspiration levels have increased'.

Which of the following change is highlighted in the above statement?

Social Change

The correct answer is option 3- Social Change.

'The aspiration levels have increased' is a social change.

The phrase "The aspiration levels have increased" refers to Changing attitudes, values, and goals of individuals in society. A desire for a better lifestyle, higher standards of living, and quality consumption. Thus, social change is reflected.