economic consumption
- noun
- /ˌiːkəˈnɑːmɪk kənˈsʌmpʃən/
- Specialized
:
consumo económico
- The economic consumption of resources has increased significantly this year.
Examples
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Economic consumption plays a vital role in determining a country’s standard of living.
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Rising incomes often lead to higher economic consumption of goods such as electricity and vehicles.
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When analyzing national statistics, economic consumption must be considered alongside production.
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Increased economic consumption often leads to higher production rates.
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Global economic consumption in developed countries is typically higher than in developing nations.
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As economic consumption increases, businesses often experience higher sales and production rates.
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Government policies aimed at boosting economic consumption can lead to greater overall economic growth.
Synonyms
∞
1.0
The purpose or job that something has
289
3.9
To use, eat, or drink something
30
2.7
Total money households spend on goods and services
Companies turn materials or resources into goods when making things
How Much
3
4.9
- Specialized
- Specialized
- Specialized
Surface Forms
Morphology
The meaning (use of goods and services in an economic context) is directly derivable from combining 'economic' (relating to the economy or markets) with 'consumption' (the act of using resources). This adjective+noun composition is compositional and cross‑linguistically common, so a B1 learner who knows both words would readily understand the phrase.
Etymology
Economic consumption comes from a simple picture: think of a family buying food, clothes or electricity and then using them up. Here economic points to the 'economy' and consumption means 'using up', so the phrase means 'the use of goods and services' in an economy.