Topic Two (3.2): Households

In this topic you will study the following:

  • What is meant by spending, saving and borrowing.
  • Patterns of income and expenditure and factors that influence these.

Read Icon.png Reading

For this topic you will need to work through pages 74 to 77 in your course book.   

Interact Icon.png Key Point

  • Please pay attention to decisions that all households regularly make on spending, saving or borrowing You will also learn about the importance of savings ratios.