Factors affecting Consumer Spending

​​In this short video we will look at some of the key factors that influence total consumer spending in the UK economy and use up to date information to see the direction in which consumption might take in the months ahead.

Consumer spending is easily the biggest component of aggregate demand, so an understanding of factors affecting household spending on goods and services is crucial when analysing and evaluating different stages of the economic cycle.

#aqaeconomics #ibeconomics #edexceleconomics

[biggiesilvia]

The video has just given me all that i need to understand consumption in relation to income per capita and disposables income.