Search the forum,

consumption

Consumption, defined as spending for acquisition of utility, is a major concept in economics and is also studied in many other social sciences. It is seen in contrast to investing, which is spending for acquisition of future income.Different schools of economists define consumption differently. According to mainstream economists, only the final purchase of newly produced goods and services by individuals for immediate use constitutes consumption, while other types of expenditure — in particular, fixed investment, intermediate consumption, and government spending — are placed in separate categories (see Consumer choice). Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services).Economists are particularly interested in the relationship between consumption and income, as modelled with the consumption function. A similar realist structural view can be found in consumption theory, which views the Fisherian intertemporal choice framework as the real structure of the consumption function. Unlike the passive strategy of structure embodied in inductive structural realism, economists define structure in terms of its invariance under intervention.

View More On Wikipedia.org
Recent contents Top users
  1. C

    Excessive Water Consumption - Ideas welcome

    We look after a number of multiple occupancy buildings. This one has 82 Flats with 1/2 bedroom flats. My outfit do all the plumbing/heating for the private leaseholders and the c/h etc for management company for this building. Now, Phase 1 - has 51 people in it - the water consumption has...
  2. P

    Typical oil consumption

    Good afternoon I had recently posted a thread in the arms about the excessive oil consumption of my Mothers oil fired boiler. A little bit of history for you. The boiler is a Firebird 150k- Model RDB2.2. This was installed approximately 18 months ago by an Oftec registered installer. 5...
  3. A

    Libra 321 smart gas merer

    Hi All Need to gas rate a new boiler install supplied through a Libra 310 gas meter. Not come across one of these beore & no instructions on site. Any ideas how to access consumption reading in order to gas rate?
  4. J

    Electric Water Heater

    Hi. Although I am resident in Spain I think my problem is a basic,and common,one so I hope some of you can offer advice on my problem. I had a Gas (container) Water Heater which was beyond repair and had a new Edesa 100 litre Electric Water Heater fitted early in December.It is not connected to...
Creating content since 2001. Untold Media.

Newest Plumbing Threads

Tilers Forums UK
Tilers' Talk
Tile Talk
British Standards in Tiling BS5389
DIY Forum
Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock