Consumption (economics) - Wikipedia Consumption refers to the use of resources to fulfill present needs and desires [1] It is seen in contrast to investing, which is spending for acquisition of future income [2] Consumption is a major concept in economics and is also studied in many other social sciences Different schools of economists define consumption differently
Consumption (disease) | definition of Consumption (disease) by Medical . . . a contagious human disease (the consumption of Victorian times) affecting particularly the lungs, that is caused by the bacterium Mycobacterium tuberculosis Response to infection is varied amongst individuals, some showing no signs while a few will die of the effects, these variations in host resistance being under genetic control
Consumption - Meaning, Economics, Example, Factors, Types Consumption is the basis of any economic or human activity It is simply the act of using or drawing benefits from a resource, product, or service to fulfill a need or to attain satisfaction
Consumption - definition of consumption by The Free Dictionary con•sump•tion (kənˈsʌmp ʃən) n 1 the act of consuming, as by use, decay, or destruction 2 the amount consumed: the high consumption of gasoline 3 the using up of goods and services having an exchangeable value 4 a Older Use tuberculosis of the lungs
consumption summary | Britannica consumption, In economics, the final using up of goods and services The term excludes the use of intermediate products in the production of other goods (e g , the purchase of buildings and machinery by a business)
What does Consumption mean? - Definitions. net Consumption refers to the use of goods and services by households It involves the process of acquiring, using, and disposing of products, including both tangible items like food and clothing, and intangible ones like education or healthcare services