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What is the difference between consumption and consumption expenditure?

In other words, consumption depends on social groups and their behaviours, as well as their proneness to advertising. Third, one should distinguish "consumption" as use of goods and services from "consumption expenditure" as buying acts. For durable goods this difference is very relevant, since they are used for long time periods.

What is consumption in economics?

Consumption, in economics, the use of goods and services by households. Neoclassical (mainstream) economists generally consider consumption to be the final purpose of economic activity, and thus the level of consumption per person is viewed as a central measure of an economy’s productive success.

What is total consumption?

What is consumption? Consumption is the spending on consumer goods and services over a given period of time. Total consumption is one way to measure the performance of an economy as consumers tend to spend more money when the economic climate is good and confidence is high.

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