definaton of consuption in economics
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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.the act or process of consuming consumption of food consumption of resources. b : use by or exposure to a particular group or audience The document was not intended for public consumption. 2 : use of something the jet's high consumption of fuel the consumption of electricity.
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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.
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