The meaning of CONSUMPTION is the act or process of consuming. How to use consumption in a sentence.

According to mainstream economists, only the final purchase of goods and services by individuals constitutes consumption, while other types of expenditure – in particular, fixed investment, …

CONSUMPTION definition: 1. the amount used or eaten: 2. the act of using, eating, or drinking something: 3. the situation…. Learn more.

consumption, in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is the purchase of goods and services for use by households.

Description Overview Tuberculosis was popularly known as consumption for a long time. Scientists know it as an infection caused by M. tuberculosis. In 1882, the microbiologist Robert Koch …

Consumption is defined as the use of goods and services by a household. It is a component in the calculation of the Gross Domestic Product

Feb 14, 2025 · Q: What is the difference between consumption and production? A: Consumption refers to the use of goods and services, while production is the process of creating those goods and services.

Definition of consumption noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

The consumption of food or drink is the act of eating or drinking something, or the amount that is eaten or drunk.

Consumption means using, buying or eating something. If we don't reduce our energy consumption, we will run out of fuel. Conspicuous consumption is buying something to show off.