Consumption (economics)
Consumption refers to the use of resources to fulfill present needs and desires. It is seen in contrast to investing, which is spending for acquisition of future income. Consumption is a major concept in economics and is also studied in many other social sciences.
Read Full WikiDEFINITIONS
- nounAmount of money spent (during a period); expenditure.
- noun(in the plural) Expenditures; money or pocket money.
- verbTo pay out (money).
- verbTo bestow; to employ; often with on or upon.
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