Question

what is consumption?????​

Answer 1

Answer:

Consumption is the using of goods and services in an economy,or the amount of goods and services used

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Answer 2

Answer:

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. Diffrent schools of economists define consumption differently.