Business GCSE
Disposable Income
What Disposable Income means in Business GCSE, as defined for OCR.
Definitions of Disposable Income
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
The money a consumer has left to spend or save after paying taxes and essential bills (like rent/mortgage).
The amount of money a person has left to spend or save after paying taxes and essential living expenses.
Topics that use Disposable Income
- Influences on business (OCR GCSE)
- The economic climate (OCR GCSE)
Related terms
- Economic Climate
- Ethics
- Sustainability
- Consumer Income
- Globalisation
- Inferior Goods
- Multinational Company (MNC)
- Normal Goods
Using Disposable Income in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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