Question

2. Write the kinds of consumption.​

Answer 1

Productive consumption: When a commodity is used in the production of another commodity, the consumption in this case is known as productive consumption or indirect consumption

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Answer 2

Answer:

$\colorbox{red}{Kind of Consumption:}$

Consumption is known as direct or final consumption, when the goods satisfy human wants directly and immediately. The goods have reached their final destination, e.g., wearing a shirt or eating a mango or using furniture, in which case the act of consumption is not a single process but is of a continuing nature.

Final consumption: When the consumption is of commodities, consumed directly for the satisfaction of human want, it is known as final consumption or direct consumption. ... Quick Consumption: The consumption of a commodity whose utility is finished the moment it is consumed by the consumer is known as quick consumption.