2.2.2 Consumpton (C)

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