2.2.2 Consumpton (C)

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    2.2.2 Consumpton (C)

    Consumpton in Economics is spending on consumer goods and services

    b) An understanding of the relatonship between savings and consumpton
    Savin is what isnnt spent of income, E.G. C + S = I (Income)

    c) Other influences on consumer spending:
    Interest rates

    Consumer confdence
    Surveys that measure range of consumersn attitudes like forftard expectatons of eneral economic
    situatons and households’ fnancial positons, and viefts on makin major household purchases

     

     

     

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