Question

Define consumption . what are its main forms ?​

Answer 1

Explanation:

For practical purposes, consumption means the spending of money income. ... Consumption, thus, involves expenditure of income or wealth-using activity of man. Types of Consumption: Consumption is known as direct or final consumption, when the goods satisfy human wants directly and immediately.

Answer 2

Hey mate.....

For practical purposes, consumption means the spending of money income. ... Consumption, thus, involves expenditure of income or wealth-using activity of man. Types of Consumption: Consumption is known as direct or final consumption, when the goods satisfy human wants directly and immediately.