Economics B A-Level
Consumption
What Consumption means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Consumption
Check what you remember
Read the wording for your board, then hide it and explain Consumption in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Household spending, influenced by interest rates and confidence.
Topics that use Consumption
- Circular flow of income, expenditure and output (Pearson Edexcel A-Level)
Related terms
- Aggregate demand
- Economic agents
- Factors of production
- Injections
- Investment
- Macroeconomic equilibrium
- Productivity
- Withdrawals
Using Consumption 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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