2.1 Explain excise duty - NSC Consumer Studies - Question 2 - 2017 - Paper 1

A guarantee is an assurance from a manufacturer that a product will operate properly for a specified period. It ensures that if the product fails to meet quality standards or has defects, the manufacturer will address the issue, either through repairs or replacement.

• To save water, always wash full loads of laundry to maximize efficiency.
• Utilize grey water from laundry for gardening to minimize fresh water usage.
• Select the appropriate washing cycle and water level based on the load size will help ensure minimal water is consumed.

• Use energy-efficient cycles and cold water whenever possible to reduce power consumption.
• Turn off the washing machine after use to prevent unnecessary energy draw.

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These clubs are considered legal as they focus on the collective purchase of groceries, promoting community collaboration rather than operating as money-lending or cash-sharing entities.

Club members benefit by accessing essential goods at lower prices due to bulk purchasing, which also saves time on shopping and ensures a steady supply of necessary items.

Interest rate hikes generally lead to a decrease in consumer spending and business investment, which can slow down the economy. This slowdown often results in lower inflation rates, as demand decreases and price increases stabilize. However, if inflation persists despite rate increases, it indicates that inflationary pressures may have other underlying causes, thereby complicating monetary policy responses.