Theme 1 Definitions

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Housing Tenure
The conditions under which a property is owned
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Owner Occupied
When someone owns their house either outright or with a mortgage
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Rented (Private)
When someone pays money to a private landlord to live in a house
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Rented (Local authority)
When someone pays money to the council to live in a house
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Rented (Housing association)
When someone pays money to a non-profit organisation to live in a house
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Mortgage
An arrangement to borrow money to buy a house
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Quality of Life
A measure of happiness influenced by the health of ourselves and our family and the environment in which we live
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Standard of Living
A measure of relative wealth of an individual or family
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Sphere of Influence
The area in which quality of life is affected
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Services
Facilities provided by the government, local council or private sector
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Convenience/low order goods
Things that you need to buy everyday and would not be prepared to travel far to get
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Comparison/high order goods
High value goods that you buy less frequently
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Threshold
The minimum population size to create demand for a product
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Catchment area
The area from which a shop attracts its customers
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Range
The distance that people are prepared to travel for certain goods
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Distribution
How something is spread out over an area
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Other cards in this set

Card 2

Front

When someone owns their house either outright or with a mortgage

Back

Owner Occupied

Card 3

Front

When someone pays money to a private landlord to live in a house

Back

Preview of the back of card 3

Card 4

Front

When someone pays money to the council to live in a house

Back

Preview of the back of card 4

Card 5

Front

When someone pays money to a non-profit organisation to live in a house

Back

Preview of the back of card 5
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