Question

What is consumption¿



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Answer 1

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. Different schools of economists define consumption differently.

Explanation:

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Answer 2

Answer:

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Consumption is using, buying or eating something. ... Conspicuous consumption is buying sometimes to show off. Consumption is related to the verb consume, which means to eat, use, or buy.

Explanation:

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