What is consumption?
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Posted by Shreya Verma 8 years, 6 months ago
- 2 answers
Amar Kumar 8 years, 6 months ago
Consumption is typically defined as final purchases by an individual that are not investments of some sort. In other words when you buy food, clothes, a hair, airplane tickets, a car, etc.that is consumption.
Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services
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Jitendra Kumar 8 years, 6 months ago
0Thank You