Class notes

The Consumer

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Course
Consumer Studies

Institution
11th Grade

These notes cover the consumer section of Consumer Studies. This includes different sources of income, expenditure patterns, and the factors that influence these, Maslow's hierarchy of needs, and different types of banking.

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Uploaded on March 4, 2024
Number of pages 9
Written in 2023/2024
Type Class notes
Professor(s) N/a
Contains All classes

the consumer

Institution
11th Grade
Course
Consumer Studies
Schooljaar 200

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Consumer Sciences/Studies Grade 11

$ 30.79 $ 24.97 5 items

1. Class notes - The consumer
2. Class notes - Design elements and principles
3. Class notes - Food and nutrition- nutrients
4. Class notes - Food and nutrition- the needs of the consumer
5. Class notes - Housing and interior
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The Consumer

, The Consumer
and expenditure
Income
of
South African families
-

basic needs need to be met
↳ Money to obtain
goods & services
-> offer labour to the and
economy
in return earn an income

sources income
of

Salaries -> fixedmonthly
Payment Wages -> daily or weekly payment
↳ for work completed
->
temporaly recieve wages
professionals receive -> farm, domestic factory
->
normally workers

a salary
gross salary -> salary before deductions
nett
salary -> Salary after compulsory
deductions such as

tax, UIF 6 Pension

Commission - Payment Pension -> after
a
agent get retirement
for a sale from pension fund
↑

professional fees -> medical docter
Annuity - retirement fund

Bonus Social Elderly, Disabled,
an extra
payment grants
-

poor
↳ Percentage of annual earnings

farming ->
money farmers get for casual income ->
gifts, inheritance
farm produce andbets/Lottery

Profits -> made by selling Fringe benefits -> Extra payment to
money employee
a an

product or service

unemploymentinsurance fund -> UIF

Interest -> money paid to investors

as a return to their
investments

Dividents ->
paid to
money out

Shareholders

Rental income ->
money landlordgets
for
letting real estate

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