Implicit memory: This is also referred to as automatic or unconscious memory. It utilizes past experiences or memories irrespective of the time in which the experience has been occurred to remember those things without conscious awareness.
Example: An individual who has learned to ride a bicycle will be able to ride even after years of not riding.
Procedural memory: This is a type of long-term memory and implicit memory in which a person can perform a particular task without being consciously aware of the experience of that particular task.
Consumer spending is an important economic indicator because it usually coincides with the overall consumer confidence in a nation's economy. High consumer confidence indicators usually relate to higher levels of consumer spending in the economic market
