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

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.

Define consumption. consumption synonyms, consumption pronunciation, consumption translation, English dictionary definition of consumption. n. 1. a. The act or process of consuming. b. The state of …

Master the word "CONSUMPTION" in English: definitions, translations, synonyms, pronunciations, examples, and grammar insights - all in one complete resource.

the amount consumed: the high consumption of gasoline. Business the using up of goods and services: Conspicuous consumption is the public display of the expensive goods that one can afford to buy.

Jun 6, 2024 · Consumption, in the context of economics, refers to the use of goods and services by individuals, households, or entities to satisfy their wants, needs, and desires.

Consumption definition: the act of consuming, as by use, decay, or destruction.. See examples of CONSUMPTION used in a sentence.

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.

consumption noun [U] (USING) the act of using, eating, or drinking something: products sold for personal consumption