The part of total consumption expenditure which passes through retail outlets, that is shops. This excludes many parts of consumer spending: for example, rent, mortgage interest, public utility charges, and insurance.

• Solow residual
• solution
• solvency
• sound money
• sources of capital
• sovereign debt
• sovereignty, consumer
• spare capacity
• special deposits
• Special Drawing Rights
• specialization
• specific tax
• speculation
• speculative bubble
• speculative motive
• speculator
• spending, discretionary
• spending programme, mandatory
• spill-over
• spiral
• spot market
• spot price
• spouses, independent taxation of
• spread
• spurious relationship