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

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 households.

Few diseases have caused so much distressing illness for centuries and claimed so many lives. Tuberculosis was popularly known as consumption for a long time. Scientists know it as an infection …

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

Definition of consumption noun from the Oxford Advanced Learner's Dictionary. the act of using energy, food or materials; the amount used. Gas and oil consumption always increases in cold weather. The …

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

Jan 31, 2025 · In economics, consumption represents the utilization of goods and services by individuals and households to fulfill needs and desires. It’s not merely a passive act; it’s a dynamic component …

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.