- 1) The using up of consumer goods and services for the satisfaction of the present needs of individuals, organizations, and governments.2) The amount of money spent by the whole of an economy on consumer goods and services. Economists contrast this amount of money (sometimes called consumers' expenditure) with the amount spent on investment, which provides for future consumption. In most economies about 80% of national income is spent on consumption, the balance going to investment. However, the distinction between consumption and investment is not always clear as some goods, such as consumer durables, provide for both present and future consumption.
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consumption — con‧sump‧tion [kənˈsʌmpʆn] noun [uncountable] 1. COMMERCE ECONOMICS the amount of goods, services, energy, or natural materials used in a particular period of time: • Texas is second only to California in beer consumption. • Cuban households… … Financial and business terms
Consumption — may refer to: Economics Use of final goods by a consumer until disposal Consumption (economics) Consumption function, an economic formula Consumption (ecology) Other Consumption, an archaic name for pulmonary tuberculosis ingestion of food and… … Wikipedia
consumption — I noun confectio, consumptio, decay, decomposition, decrement, depletion, desolation, destruction, devastation, diminishment, diminution, dissipation, exhaustion, expenditure, loss, ravage, ruin, ruination, squandering, usage, use, using up,… … Law dictionary
consumption — Consumption. sub. f. v. Il se dit de certaines choses que l on consume. Il se fait une grande consumption de bois dans cette maison. la victime fut bruslée jusques à son entiere consumption. la consumption des especes sacramentales. Il signifie… … Dictionnaire de l'Académie française
Consumption — Con*sump tion (?; 215), n. [L. consumptio: cf. F. consomption.] 1. The act or process of consuming by use, waste, etc.; decay; destruction. [1913 Webster] Every new advance of the price to the consumer is a new incentive to him to retrench the… … The Collaborative International Dictionary of English
consumption — sectors … Dictionary of sociology
consumption — late 14c., wasting of the body by disease; wasting disease (replacing O.E. yfeladl the evil disease ), from O.Fr. consumpcion, from L. consumptionem (nom. consumptio) a using up, wasting, from consumpt , pp. stem of consumere (see CONSUME (Cf.… … Etymology dictionary
consumption — in the meaning ‘a disease causing wasting of the tissues’, has been replaced in the 20c by more specific clinical names, especially by tuberculosis or TB … Modern English usage
consumption — [n] devouring; use burning, consuming, damage, decay, decrease, depletion, desolation, destruction, devastation, diminution, dispersion, dissipation, drinking, eating, exhaustion, expenditure, loss, misuse, ruin, swallowing, using up, utilization … New thesaurus
consumption — ► NOUN 1) the action or process of consuming. 2) an amount consumed. 3) dated a wasting disease, especially tuberculosis. DERIVATIVES consumptive adjective & noun (dated ) … English terms dictionary
consumption — [kən sump′shən] n. [ME consumpcioun < OFr consomption < L consumptio < consumptus, pp. of consumere] 1. a) a consuming or being consumed b) Econ. the using up of goods or services, either by consumers or in the production of other goods… … English World dictionary