2. Write the kinds of consumption?
Answers
Answer:
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.
Mar as brainiest please
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. For example, consumption of food articles, stationary, toys, etc
Three Consumption Categories
Personal consumption expenditures are officially separated into three categories in the National Income and Product Accounts: durable goods, nondurable goods, and services.