consumption, in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is the purchase of goods and services for use by …

The meaning of CONSUMPTION is the act or process of consuming. How to use consumption in a sentence.

According to mainstream economists, only the final purchase of goods and services by individuals constitutes consumption, while other types of expenditure — in particular, fixed investment, …

CONSUMPTION meaning: 1. the amount used or eaten: 2. the act of using, eating, or drinking something: 3. the situation…. Learn more.

Consumption (economics), the purchasing of newly produced goods for current use also defined as the consuming of products Consumption function, an economic formula

Description Overview Tuberculosis was popularly known as consumption for a long time. Scientists know it as an infection caused by M. tuberculosis. In 1882, the microbiologist Robert …

The consumption of food or drink is the act of eating or drinking something, or the amount that is eaten or drunk.

CONSUMPTION definition: the act of consuming, as by use, decay, or destruction. See examples of consumption used in a sentence.

Guide to Consumption and its meaning in economics. We explain its examples and comparison with consumerism, factors, types, and importance.

Consumption means using, buying or eating something. If we don't reduce our energy consumption, we will run out of fuel. Conspicuous consumption is buying something to show off.