Economics GCSE
Consumers
What Consumers means in Economics GCSE, as defined for AQA.
Definitions of Consumers
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Consumers in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Individuals or households that purchase goods and services to satisfy their needs and wants, aiming to maximise their own utility or satisfaction.
One of the main economic groups, who buy goods and whose spending and borrowing are affected by interest rates.
Topics that use Consumers
- Economic activity (AQA GCSE)
- How the economy works (AQA GCSE)
Related terms
- Government
- Producers
- Basic economic problem
- Circular flow of income
- Distribution of wealth and income
- Economic agents
- Economic welfare
- Functions of money
Using Consumers 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 Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge