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