What market do goods and services and consumer expenditure represent?

Answer 1

Goods and services and consumer expenditure represent the consumer market. This market includes all the activities related to the buying and selling of goods and services by individuals and households for their own personal use. Consumer expenditure refers to the amount of money spent by consumers on these goods and services. This market is a vital component of the overall economy as consumer spending drives economic growth and represents a significant portion of GDP in most countries.