Economics A-Level
Consumption
What Consumption means in Economics A-Level, as defined for AQA.
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: AQA
A component of aggregate demand determined by disposable income, interest rates, and consumer confidence.
Topics that use Consumption
- The determinants of aggregate demand (AQA A-Level)
Related terms
- Aggregate demand
- Circular flow of income
- Exchange rates
- Interest rates
- Investment
- Macroeconomic objectives
- Net exports
- Price level
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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