consumption patterns

Consumption patterns refer to the habitual ways people use and purchase goods and services over time. They reflect influences such as income levels, cultural preferences, marketing, and technological changes. For example, if more people buy streaming services instead of cable TV, it indicates a shift in consumption preferences. Understanding these patterns helps businesses and policymakers predict demand, tailor offerings, and make informed decisions. They can vary by age, location, and economic circumstances, shaping how resources are distributed and how markets evolve.