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Households, Firms and Government

Households, Firms and Government

A national economy is made up of households, firms, financial institutions and the government. Their decisions about spending, saving, borrowing, investment and taxation affect one another.

2.1 Introduction to the national economy Lesson

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

Step-by-step lessons on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons