Final answer:
Switzerland is the country where private labels account for about half of the food and packaged goods sales, reflecting consumer preference and spending habits during economic downturns.
Step-by-step explanation:
In Switzerland, private labels, or store brands, are known to account for roughly half of the national food and packaged goods sales. This is an indication of a consumer preference for store brands, which are often less expensive than national brands, reflecting conservative spending habits especially during tough economic times. Also, in markets like Switzerland, private label goods are known for their high quality, further encouraging their popularity among shoppers.