Income received by households will be used for

Question

Quizplus · Accepted Answer

Households use their income for consumption (buying goods and services), saving (setting aside money for future use), and paying taxes to the government. Investment is typically an action taken by businesses or individuals with capital to invest, not a direct use of income by the majority of households. Exports and transfers are not direct uses of income by households in the same way as consumption, saving, and taxes.

Income Received by Households Will Be Used for