consumption

Consumption in economics is the use of assets created through the production. Economists tend to consider that consumption is the end of the production process, the goal for which all production takes place. Broadly, the term includes both capital goods (example, machines and tools from the factories that produce other goods) and non-productive consumption (or use of property for purposes not productive). Economists generally prefer to restrict the term to its meaning of non-productive consumption.


taked from :Microsoft ® Encarta ® 2009. © 1993-2008 Microsoft Corporation. All rights reserved.