spending 1

Physical items we can touch, handle or see and are usually bought and/or sold. 

• goods

• services

• market

• consumption

People who use goods and services. 

• spending

• employee

• consumers

• cash

Plastic cards are issued by banks or credit card companies, used to make purchase and then the buyer pays the bank or credit card company at a later date, for example when the bill arrives. 

• Cash

• cheque

• Credit Cards 

• coins

When a buyer takes the goods on payment of a deposit and then makes repayments plus interest, while the seller has ownership until the goods are paid off in full. 

• Loan

• Hire Purchase

• cheque

• coins

When activities are done for someone else. 

• services

• spending

• consumer

• hire purchase

Using income or funds, which may be to buy goods or services or may be given away. 

• services

• consumption

• saving

• spending

A place or situation where buyers and sellers can exchange goods or services. 

• spending

• services

• market

• consumer

The part of income which is not spent or given away. 

• consumer

• saving

• spending

• market

Payment is made in full before the goods are received by the buyer. 

• saving

• cash buying

• market

• consumer

The goods are received before they have been fully paid for. 

• barter

• credit buying

• saving

• spending