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consumption

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.

consumption

In economics, the purchase of goods and services for final use, as opposed to providing for future production.

In national accounting, it means a country's total expenditure over a given period (usually a year) on goods and services, including expenditure on raw materials and defense.

consumption

In medicine, former popular name for the disease tuberculosis.



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He merged the collection of revenue into one channel, taxing consumption in bulk instead of taxing property.
That article would well bear this rate of duty; and if it should tend to diminish the consumption of it, such an effect would be equally favorable to the agriculture, to the economy, to the morals, and to the health of the society.
This is a common experience, for the excessive consumption of alcohol in the tropics by white men is a notorious fact.
 
 
 
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