consumption
The use of economic resources. *Consumer consumption refers to the final enjoyment of an item’s *worth. In this sense, consumption is the final point in the economic process of production, distribution, and exchange as individuals purchase and use goods. It may be characterized as the underlying purpose of economic activity.

Auditor's dictionary. 2014.

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  • consumption — con‧sump‧tion [kənˈsʌmpʆn] 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

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