What is Consumption in Economics? - Definition & Theory


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question 1 of 3

In general, consumption can be defined as____?

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1. Consumption can be affected by what?

2. Disposable Income is_____?

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About This Quiz & Worksheet

What is Consumption in Economics? This quiz/worksheet combo will help you test your knowledge of consumer spending and its relationship to the economy. Topics of these practice questions include consumption, consumer spending and disposable income

Quiz & Worksheet Goals

These practice questions cover the following objectives:

  • Recall the definition of consumption
  • Examine what consumption is affected by
  • Understand disposable and real income

Skills Practiced

In this lesson students practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related consumer science lesson
  • Defining key concepts - ensure that you can accurately define main phrases, such as consumption and consumer spending
  • Distinguishing differences - compare and contrast topics from the lesson, such as real and disposable income
  • Information recall - access the knowledge you've gained regarding the theory of consumption in economics

Additional Learning

Learn more about consumer economics in the accompanying lesson, What is Consumption in Economics? - Definition & Theory. This lesson covers the following objectives:

  • Understand the consumer adoption process
  • Define the stages of the consumer adoption process
  • Examine how marketers use the process to introduce new products