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 …

Consumption and household production Aggregate consumption is a component of aggregate demand. [8] Consumption is defined in part by comparison to production. In the tradition of the …

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

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

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

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 …

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

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

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.

Define consumption. consumption synonyms, consumption pronunciation, consumption translation, English dictionary definition of consumption. n. 1. a. The act or process of …