On a scratch piece of paper…

Answer the following questions:

1.How much money did you spend yesterday?

2.How much money do you think you spent during last week (estimate)?

3.How much money do you think you spent last year (estimate)?

Teenage Consumers

Do teenagers have a large impact on the economy?

YOU BET! Total teen spending annually = $200+ billion

Power of ConsumersUnit 1

Impact on Businesses

• Consumers impact businesses by deciding:– What you want and what you don’t want

– Where you want it from and where you don’t want it from

Video

On a scratch piece of paper…

List your favorite places (online or a store) you go for buying…• Fast food• Electronics• Music• Gas• Clothing• Groceries

Quick Review

1. How do you, as a consumer, have power over businesses?

By deciding what you want (or don’t want), and where you want it from (or don’t want it from)