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consumption
(redirected from economic consumption)

   Also found in: Dictionary/thesaurus, 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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The tax rebate will result in some economic consumption among low-income people, and the expensing for businesses will have an immediate impact," says Jefferson.
In the economic area, population ageing will have an impact on economic consumption, labour markets, pensions, taxation and intergenerational transfers.
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