Examlex
The second phase of the industrial revolution first took place in ______ (a country)in the _______ (decade).
Consumer Spending
The total amount of money spent by households and individuals in an economy on goods and services, an important indicator of economic health.
Consumption Expenditures
The total amount of money spent by households and individuals on goods and services for personal use.
Circular Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms.
Households
Economic units that consist of all individuals who live together in one dwelling, making joint decisions about consumption and labor.
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