Consumption (economics)

purchase and use of goods and services

Responsible Consumption and Production

objective factor and subjective factor

amount owed by individual consumers (as opposed to amounts owed by businesses or governments)

total spending by a set of households

Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The theory formed the basis for the development of Keynesian economics and the theory of aggregate demand after the 1930s.

autonomous consumption spending

consumption that varies with income