Consumption – The using of goods and services in an economy or the amount of goods and services used
To remember the definition of the word consumption, use the following mnemonic:
The convict's assumption (consumption) before she was arrested was that she could use all goods and services for her benefit any time she chose.
Examples of consumption in a sentence
The country compared its level of consumption against other nearby countries and the results were shocking.
If consumption rate is higher than production rate, countries may rely heavily on imports.
The surveyors had to collect data from the entire goods and services sectors before working out an annual consumption rate for the area.