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, 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.

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

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

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.

Consumerism is a socio-cultural and economic phenomenon that is typical of industrialized societies. It is characterized by the continuous acquisition of goods and services in ever-increasing quantities. In …

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

The distinction between the flow of consumption as economists conceive it (including the services of durable goods owned by households) and consumption expenditure as measured in national income …

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