Consumption

Consumption refers to the process of using goods and services to satisfy wants and needs. It plays a vital role in the economy, driving demand and influencing production. Different types of consumption include personal consumption, business consumption, and government consumption, each impacting economic growth in various ways. In recent years, there has been a growing focus on sustainable consumption, emphasizing the need to minimize environmental impact and promote responsible use of resources. This shift encourages individuals and businesses to consider the ecological consequences of their consumption choices. As society becomes more aware of issues like climate change and resource depletion, the conversation around consumption continues to evolve, advocating for a balance between meeting human needs and preserving the planet for future generations.