Business GCSE
Consumer spending
What Consumer spending means in Business GCSE, as defined for AQA.
Definition of Consumer spending
Check what you remember
Read the wording for your board, then hide it and explain Consumer spending in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The total amount households spend on goods and services, which depends on income, employment, confidence and interest rates.
Topics that use Consumer spending
- The economic climate on businesses (AQA GCSE)
Related terms
- Business investment decisions
- Cash flow and profit
- Confidence and debt levels
- Disposable Income
- Economic Climate
- Inferior goods
- Interest rates
- Investment
Using Consumer spending 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.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge