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Dude, It's neither. Consumer's are the buyers. If a business or company produces an item, then someone has to buy those items. The people who buy the item are the consumers. However, Consumption is the buying of a product. When a product is bought it is being consumed.
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∙ 14y ago
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What is the definition of inferior good?
A good or service whose consumption declines as income rises (and conversely), price remaining constant
What is simultaneity of production and consumption?
It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.
Where the consumption of a good or service by one person will not prevent others from enjoying it there is non-rivalry?
Private Goods :)
What is a price consumption line?
A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line
Is fuel consumption good?
It's not good for human consumption.
If a good is a normal good what will happen to its consumption as income increases?
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
A good is nonrival in consumption if?
its consumption by one person does not reduce its consumption by others.
What is a sixth grade sentence for consumption?
The consumption was not good
What does to expand consumption mean?
To expand consumption would be to increase the consumption by gaining more consumers of a service or product in the current market region or to increase the consumption in other regions.
What is responsible media consumption?
All data consumption is the effect of usage behavior of subscribers to an information service.
Goods are rival in consumption if?
Consumption of a good by one person decreases consumption by another person.
Is healthcare is a consumption good or investment good good?
yes
