households Flashcards
1
Q
Current Expenditure
A
The money spent on goods and services that are to be consumed within the next 12 months
2
Q
Capital Expenditure
A
Money spent on fixed assets.
3
Q
Disposable Income
A
This is the amount of income a person has available after deductions in compulsory payments have been made
4
Q
Saving
A
This occurs when a person puts a way portion of their current income for future spending
5
Q
borrowing
A
This occurs when an individual, firm or the government takes out a loan
