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
- nounPresent participle of spend, expenditure.
- nounAn amount that has been, or is planned to be spent.
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