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household exp.

Chapter 2 household expenditure

TermDefinition
Expenditure This is the amount of money we spend during a particular period
Impulse buying This means buying something on the spur of the moment without thinking of the consequences.
Mortgage This is a loan from a bank or building society to help someone buy a house
Opportunity cost The cost of the item we had to do without or the opportunity we had to forgo.
Created by: mikaelagreene
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