what is consumption,?
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The definition of consumption is buying and using something or how much of something has been used up. An example of consumption is when many members of the population go shopping. ... An example of consumption is when a person consumes 2 bushels vegetables per day.
Tuberculosis, also known as consumption, is a disease caused by bacteria that usually attacks the lungs.
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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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