Business GCSE
Consumer demand
What Consumer demand means in Business GCSE, as defined for AQA.
Definition of Consumer demand
Check what you remember
Read the wording for your board, then hide it and explain Consumer demand in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The amount of goods consumers buy, which falls when higher interest rates reduce disposable income and spending.
Topics that use Consumer demand
- 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 demand 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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