ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Household final consumption expenditure is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households.

Detailed explanation-2: -Tuberculosis, also known as consumption, is a disease caused by bacteria that usually attacks the lungs, and at the turn of the 20th century, the leading cause of death in the United States.

Detailed explanation-3: -Household final consumption expenditure consists of expenditure incurred by resident household on goods or services that are used for the satisfaction of needs or wants.

Detailed explanation-4: -consumption, in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is the purchase of goods and services for use by households.

Detailed explanation-5: -What Is Consumer Spending? Consumer spending is the total money spent on final goods and services by individuals and households for personal use and enjoyment in an economy.