Edexcel A Level Economics: Chapter 24 - Consumptio
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Edexcel A Level Economics: Chapter 24 - Consumption What is consumption? - Answer-Consumption = spending on goods and services over a period of time What are durable goods? - Answer-Durable goods: Goods which although are bought at a point of time, continue to help the consumer individual (provide services for the consumer for a sustained period of time. What are non durable goods? - Answer-Non-durable goods: goods and services which are used up immediately over a period of time (e.g. s...