Consumption

Consumption refers to the process of using goods and services to satisfy needs and wants. It is a fundamental aspect of economic activity, involving individuals and organizations purchasing products such as food, clothing, entertainment, and healthcare. Consumption drives production and influences economic growth, as demand for goods and services encourages businesses to produce more. It also reflects lifestyle choices and economic well-being. In summary, consumption is the act of utilizing resources to fulfill personal and collective needs, shaping the flow of economic activity within a society.