Consumption

Consumption - the term consumption in the economic industry means the use of goods by a consumer... Consumption can be a product or a service, and the consumer would use the item until it has no remaining value...  Consumption can be in the public and private sector, but it does not include capital goods, for the means of production, such as raw materials or machinery... Consumption is the act of an item or service by a consumer. A consumer purchases a product or service, use it, consume it, or convert it to his/her use,