Question

Differentiate between Consumption and Sustainable consumption ​

Answer 1

Answer:

Sustainable consumption is the use of material products, energy and immaterial services in such a way that their use minimizes impacts on the environment, so that human needs can be met not only in the present but also for future generations.

Consumption, defined as spending for acquisition of utility, is a major concept in economics and is also studied in many other social sciences. It is seen in contrast to investing, which is spending for acquisition of future income. Different schools of economists define consumption differently.

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