Business GCSE
Consumer confidence
What Consumer confidence means in Business GCSE, as defined for AQA.
Definition of Consumer confidence
Check what you remember
Read the wording for your board, then hide it and explain Consumer confidence in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
How secure people feel, which affects spending: when confidence drops, spending falls as households save or repay debt.
Topics that use Consumer confidence
- The economic climate on businesses (AQA GCSE)
Related terms
- Business investment decisions
- Cash flow and profit
- Confidence and debt levels
- Consumer spending
- Disposable Income
- Economic Climate
- Inferior goods
- Interest rates
Using Consumer confidence in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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