Insurance is a protection against risk. Insurance provides backup or security to anything you want to get. There are many companies that provide insurance on almost everything. Companies charge some amount in order to provide insurances and customers pay it to get security.
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JC Business Studies
A consumer is a person who buys goods and services for their own use e.g. me when I buy new clothes to wear them.
A consumer need is anything that I cannot do without and that I need in order to survive e.g. food, warmth, shelter, clean water, basic clothing.
A consumer wants is something that I would like to have but I don’t need to survive (it is non-essential) e.g. the latest fashion in clothes, the most up to date mobile phone, jewellery, make up….
A budget is a plan of how much money I am going to receive... (More)