| / English Dictionary |
ECONOMIC CONSUMPTION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(economics) the utilization of economic goods to satisfy needs or in manufacturing
Example:
the consumption of energy has increased steadily
Synonyms:
consumption; economic consumption; usance; use; use of goods and services
Classified under:
Nouns denoting natural processes
Hypernyms ("economic consumption" is a kind of...):
demand (the ability and desire to purchase goods and services)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
Hyponyms (each of the following is a kind of "economic consumption"):
conspicuous consumption (buying expensive services and products in order to flaunt your wealth)
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