GENERAL KNOWLEDGE

Detailed explanation-1: -Direct and Indirect: When goods are consumed directly for the satisfaction of human wants like car, scooter etc .is called as direct consumption. When goods are consumed for the production of other goods such as use of seed, manure raw material etc then it is known as indirect consumption.

Detailed explanation-2: -An economy is a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole fulfill the needs of those living and operating within it.

Detailed explanation-3: -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.