| 单词 | consumption |
| 释义 | consumption Spending for survival or enjoyment, as opposed to providing for future production. National income accounting distinguishes private consumption and consumption by government bodies. Private consumption is divided between spending on non-durables, which are goods and services for immediate enjoyment, and spending on durables, such as cars, which are expected to provide services over a number of years. All these distinctions are rather arbitrary at the edges: for example, spending on travel to work counts as consumption, though few people enjoy it. Cars bought by individuals are reckoned as consumption, while cars bought by their employers count as investment. Identical pills count as private consumption in the UK if bought privately, but as government consumption if provided free by the National Health Service (NHS). Spending on building dwellings by convention counts as investment rather than consumption; consumption includes the imputed income from the services of owner-occupied dwellings. See also: autonomous consumption, capital consumption, and conspicuous consumption |
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