Consumption smoothing — is the economic concept used to express the desire of people for having a stable path of consumption. Since Milton Friedman s permanent income theory (1956) and Modigliani and Brumberg (1954) life cycle model, the idea that agents prefer a stable … Wikipedia
consumption — con‧sump‧tion [kənˈsʌmpʆn] noun [uncountable] 1. COMMERCE ECONOMICS the amount of goods, services, energy, or natural materials used in a particular period of time: • Texas is second only to California in beer consumption. • Cuban households… … Financial and business terms
consumption sectors — consumption sectors, consumption cleavages Social divisions created by the way in which material goods and services especially major items such as housing, health, and education are consumed in advanced capitalist societies. For the most part… … Dictionary of sociology
consumption cleavages — consumption sectors, consumption cleavages Social divisions created by the way in which material goods and services especially major items such as housing, health, and education are consumed in advanced capitalist societies. For the most part… … Dictionary of sociology
Consumption of fixed capital — (CFC) is a term used in business accounts, tax assessments and national accounts for depreciation of fixed assets. CFC is used in preference to depreciation to emphasize that fixed capital is used up in the process of generating new output, and… … Wikipedia
Consumption — may refer to: Economics Use of final goods by a consumer until disposal Consumption (economics) Consumption function, an economic formula Consumption (ecology) Other Consumption, an archaic name for pulmonary tuberculosis ingestion of food and… … Wikipedia
consumption — I noun confectio, consumptio, decay, decomposition, decrement, depletion, desolation, destruction, devastation, diminishment, diminution, dissipation, exhaustion, expenditure, loss, ravage, ruin, ruination, squandering, usage, use, using up,… … Law dictionary
consumption — Consumption. sub. f. v. Il se dit de certaines choses que l on consume. Il se fait une grande consumption de bois dans cette maison. la victime fut bruslée jusques à son entiere consumption. la consumption des especes sacramentales. Il signifie… … Dictionnaire de l'Académie française
Consumption — Con*sump tion (?; 215), n. [L. consumptio: cf. F. consomption.] 1. The act or process of consuming by use, waste, etc.; decay; destruction. [1913 Webster] Every new advance of the price to the consumer is a new incentive to him to retrench the… … The Collaborative International Dictionary of English
Consumption of the bowels — Consumption Con*sump tion (?; 215), n. [L. consumptio: cf. F. consomption.] 1. The act or process of consuming by use, waste, etc.; decay; destruction. [1913 Webster] Every new advance of the price to the consumer is a new incentive to him to… … The Collaborative International Dictionary of English
consumption function — conˈsumption ˌfunction noun [singular] ECONOMICS a measure of the changes in the way that consumers spend money on goods and services when there are changes to their income * * * consumption function UK US noun [S] ► ECONOMICS a way of… … Financial and business terms
