the using, or using UP of goods.
The use of goods and services, materials and energy, by humans.
The process of using a good or a service.
Goods or services that are bought and used up in a single period. These include goods and services used by households or private not-for-profit organisations (collectively known as private consumption), or government (public consumption).
Purchase and use of goods
In economics, consumption is the using up of goods or services or the amount used up. In common usage, consumption can also mean the ingestion of food by eating or drinking. In ERS's Food Consumption (Per Capita) Data System, the food and nutrient availability series provide estimates of the amount of food and nutrients used up; the loss-adjusted food supply series provides estimates of food intake, or the amount of food eaten or ingested.
the use of resources to satisfy current needs and wants; it may be measured statistically by the sum of consumers' current expenditure; however, such statistics may be inadequate as expenditure on durable goods (such as washing-machines) which are not entirely consumed in the current period. economics
The using of of goods or services having an exchangeable value either through selling or transferring to another party, through use in the production of other goods, or through removal from available stock.
decrease in economic value.
People who use goods and services to satisfy their economic wants. View Capstone Lesson(s) that address this concept
purchases of final goods and services by individuals.
the final use of goods, ideas or services in the satisfaction of human needs and wants. This includes the processes of consuming, possessing, collecting and disposing of things and experiences.
The using up of goods or services in the satisfaction of wants.
(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
The use of resources, goods, and services to satisfy economic wants.
is the household sector's demand for output for current use. Consumption expenditures consist of purchases of durable goods (e.g., autos and televisions), nondurable goods (e.g., food and newspapers), and services (e.g., haircuts and taxi rides). The consumption function is the Keynesian relationship between income and consumption.
Total purchases of goods and services during a given period. It may measure such purchases by both households and governments or only by households. In this report, consumption is the total purchases by households only. (BEA) See personal consumption.
expenditures on or the use of goods and services
The intake of objects, images, and popular ideas into one's home, body, or daily life. Be it in the form of food, furniture, art objects, or mass media advertising, consumption is rooted in the sale and purchase of goods in a modern, consumer society like the United States. Involving stuff in the world, from products to slogans, artists whose work deals with consumption are often concerned with what a thing is, how it looks, and how it came into existence.
The largest component of GDP when it is measured by adding up expenditures.
All the goods and services used by households.
Purchase of goods or services for any purpose.
Use of goods or of services. The term consumption has two different meanings, depending on context. As commonly used in regard to the Footprint, it refers to the use of goods or services. A consumed good or service embodies all the resources, including energy, necessary to provide it to the consumer. In full life-cycle accounting, everything used along the production chain is taken into account, including any losses along the way. For example, consumed food includes not only the plant or animal matter people eat or waste in the household, but also that lost during processing or harvest, as well as all the energy used to grow, harvest, process and transport the food. As used in Input Output analysis, consumption has a strict technical meaning. Two types of consumption are distinguished: intermediate and final. According to (economic) System of National Accounts terminology, intermediate consumption refers to the use of goods and services by a business in providing goods and services to other businesses. Final consumption refers to non-productive use of goods and services by households, the government, the capital sector, and foreign entities.
In macroeconomics, the total spending, by individuals or a nation, on consumer goods during a given period. Strictly speaking, consumption should apply only to those goods totally used, enjoyed, or "eaten up" within that period. In practice, consumption expenditures include all consumer goods bought, many of which last well beyond the period in question --e.g., furniture, clothing, and automobiles.
buying and using goods and services.
component of GDP that refers to consumer spending
the using up of goods and services that have an exchangeable value. Page 246
Total purchases of goods and services during a given period by households for their own use. (Bureau of Economic Analysis)