What is Consumption

   In economics, the word consumption has a special meaning.Here,the quality of a product to satisfy human wants is called utility or consumption."Consumption is the use of utility for the direct satisfaction of wants." For instance,hunger satisfying power of a 'Roti' or 'Bread', can be called consumption.It is an economic process through which wants are satisfied.In some cases consumption implies mere use of goods e.g use of pen in writing.But insome other cases it impiles the destruction of utility of goods,e.g apple in consumption.Consumption may be immediate at a particular time or may be gradual over a period of time.            "Consumption is the act of using goods and services to satisfy current wants."