Consumption (macroeconomics)
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Consumption (macroeconomics)
Consumption may refer to: *Resource consumption *Tuberculosis, an infectious disease, historically * Consumption (ecology), receipt of energy by consuming other organisms * Consumption (economics), the purchasing of newly produced goods for current use also defined as the consuming of products ** Consumption function, an economic formula * Consumption (sociology) of resources, associated with social class, identity, group membership, and age See also * * Consumerism Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the Industrial Revolution, but particularly in the 20th century, mass production led to overproduction—the supp ...
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Resource Consumption
Resource consumption is about the consumption of non-renewable, or less often, renewable resources. Specifically, it may refer to: * water consumption * energy consumption ** electric energy consumption ** world energy consumption * natural gas consumption/ gas depletion * oil consumption/oil depletion * logging/deforestation * fishing/ overfishing * land use/land loss or * resource depletion and * general exploitation and associated environmental degradation Measures of resource consumption are resource intensity and resource efficiency. Industrialization and globalized markets have increased the tendency for overconsumption of resources. The resource consumption rate of a nation does not usually correspond with the primary resource availability, this is called resource curse. Unsustainable consumption by the steadily growing human population may lead to resource depletion and a shrinking of the earth's carrying capacity. See also * Ecological footprint *Jevons paradox *Na ...
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Tuberculosis
Tuberculosis (TB) is an infectious disease usually caused by '' Mycobacterium tuberculosis'' (MTB) bacteria. Tuberculosis generally affects the lungs, but it can also affect other parts of the body. Most infections show no symptoms, in which case it is known as latent tuberculosis. Around 10% of latent infections progress to active disease which, if left untreated, kill about half of those affected. Typical symptoms of active TB are chronic cough with blood-containing mucus, fever, night sweats, and weight loss. It was historically referred to as consumption due to the weight loss associated with the disease. Infection of other organs can cause a wide range of symptoms. Tuberculosis is spread from one person to the next through the air when people who have active TB in their lungs cough, spit, speak, or sneeze. People with Latent TB do not spread the disease. Active infection occurs more often in people with HIV/AIDS and in those who smoke. Diagnosis of active TB is ...
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Consumption (ecology)
A consumer in a food chain is a living creature that eats organisms from a different population. A consumer is a heterotroph and a producer is an autotroph. Like sea angels, they take in organic moles by consuming other organisms, so they are commonly called consumers. Heterotrophs can be classified by what they usually eat as herbivores, carnivores, omnivores, or decomposers. On the other hand, autotrophs are organisms that use energy directly from the sun or from chemical bonds. Autotrophs are vital to all ecosystems because all organisms need organic molecules, and only autotrophs can produce them from inorganic compounds. Autotrophs are classified as either photoautotrophs (which get energy from the sun, like plants) or chemoautotrophs (which get energy from chemical bonds, like certain bacteria). Consumers are typically viewed as predatory animals such as meat-eaters. However, herbivorous animals and parasitic fungi are also consumers. To be a consumer, an organism does not nec ...
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Consumption (economics)
Consumption is the act of using resources to satisfy current needs and wants. It is seen in contrast to investing, which is spending for acquisition of ''future'' income. Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently. According to mainstream economists, only the final purchase of newly produced goods and services by individuals for immediate use constitutes consumption, while other types of expenditure — in particular, fixed investment, intermediate consumption, and government spending — are placed in separate categories (see consumer choice). Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services). Economists are particularly interested in the relationship betwee ...
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Consumption Function
In economics, the consumption function describes a relationship between consumption and disposable income. The concept is believed to have been introduced into macroeconomics by John Maynard Keynes in 1936, who used it to develop the notion of a government spending multiplier. Details Its simplest form is the ''linear consumption function'' used frequently in simple Keynesian models: :C = a + b \cdot Y_ where a is the autonomous consumption that is independent of disposable income; in other words, consumption when disposable income is zero. The term b \cdot Y_ is the induced consumption that is influenced by the economy's income level Y_. The parameter b is known as the marginal propensity to consume, i.e. the increase in consumption due to an incremental increase in disposable income, since \partial C / \partial Y_ = b. Geometrically, b is the slope of the consumption function. Keynes proposed this model to fit three stylized facts: * People typically spend a part, but not ...
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Consumption (sociology)
Theories of consumption have been a part of the field of sociology since its earliest days, dating back, at least implicitly, to the work of Karl Marx in the mid-to-late nineteenth century. Sociologists view consumption as central to everyday life, identity and social order. Many sociologists associate it with social class, identity, group membership, age and stratification as it plays a huge part in modernity. Thorstein Veblen's (1899) ''The Theory of the Leisure Class'' is generally seen as the first major theoretical work to take consumption as its primary focus. Despite these early roots, research on consumption began in earnest in the second half of the twentieth century in Europe, especially Great Britain. Interest in the topic among mainstream US sociologists was much slower to develop and it is still not a focal concern of many American sociologists. Efforts are currently underway to form a section in the American Sociological Association devoted to the study of consumption ...
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