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.

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

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

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.

• In 1980, the per capita consumption in the United States was 18 pounds of cheese of which one-third was cottage cheese. • declining consumption of coal, oil and gas • Most people are aware …

Definition of consumption noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.