What is meant by fixed expense and variable expense

Reference no: EM13748463

Similar to wants and needs, when we look at ways to reduce out budgets and spending, expense are often referred to as fixed or variable. What is meant by fixed expense and variable expense? What is the difference between the two expenses and can you provide examples? How about relating it to owning a car or a house?

Reference no: EM13748463

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What is meant by fixed expense and variable expense : Similar to wants and needs, when we look at ways to reduce out budgets and spending, expense are often referred to as fixed or variable. What is meant by fixed expense and variable expense?

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