Consumption defined as use or destruction of goods diminishing utility, covering active use and gradual decay. The term consumption denotes the use of goods resulting in diminution or destruction of their utility, comprising active use causing immediate destruction ... Summary
Consumption defined as use or destruction of goods diminishing utility, covering active use and gradual decay.
The term consumption denotes the use of goods resulting in diminution or destruction of their utility, comprising active use causing immediate destruction (e.g., eating, wearing, burning fuel) and passive enjoyment or keeping that produces gradual decay and loss of utility; it captures both destructive employment of industrial products and gradual utilisation that reduces value over time.
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