Frequency of purchase, relative expense, luxuries and necessities

Not started

Objective: Explain how frequency of purchase, habit, relative expense and luxury or necessity status separately influence PED.

Retrieval – before we teach

Sort each product as a luxury or a necessity.

  • A weekend city-break flight

  • Household electricity

  • A designer watch

  • Basic food shopping

  • Mains water

  • A premium games console