consumption of services
1consumption — 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… …
2consumption sectors — consumption sectors, consumption cleavages Social divisions created by the way in which material goods and services especially major items such as housing, health, and education are consumed in advanced capitalist societies. For the most part… …
3consumption cleavages — consumption sectors, consumption cleavages Social divisions created by the way in which material goods and services especially major items such as housing, health, and education are consumed in advanced capitalist societies. For the most part… …
4consumption function — conˈsumption ˌfunction noun [singular] ECONOMICS a measure of the changes in the way that consumers spend money on goods and services when there are changes to their income * * * consumption function UK US noun [S] ► ECONOMICS a way of… …
5consumption — [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… …
6consumption — /keuhn sump sheuhn/, n. 1. the act of consuming, as by use, decay, or destruction. 2. the amount consumed: the high consumption of gasoline. 3. Econ. the using up of goods and services having an exchangeable value. 4. Pathol. a. Older Use.… …
7Consumption tax — Taxation An aspect of fiscal policy …
8Consumption (economics) — Economics …
9consumption — [[t]kənsʌ̱mpʃ(ə)n[/t]] 1) N UNCOUNT: with supp The consumption of fuel or natural resources is the amount of them that is used or the act of using them. The laws have led to a reduction in fuel consumption in the US. ...a tax on the consumption… …
10consumption function — ▪ economics in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future… …
