Definition of Consumption, Purpose and Factors (Full Discussion)
Definition of Consumption, Purpose and Factors (Full Discussion) – In a person's life, of course he has the desire to get goods that he can consume with the aim of maintaining his life.
In obtaining these consumer goods, generally there is a lot of effort that must be done by him by working diligently. In this way, it can provide opportunities to obtain consumer goods more easily.
Definition of Consumption, Purpose and Factors (Full Discussion)
Actually, what is consumption, why is it the most important thing in human life on this earth. To be able to understand the notion of consumption along with its goals and factors, it will be explained as follows:
Definition of Consumption
Consumption is an activity carried out with the aim of using the benefits that exist in an item or service in order to be able to meet their needs. Consumption also means actions taken by humans in using and enjoying the usefulness of goods or services to be able to fulfill their life needs.
Consumption Purpose
Consumption has the main goal of being able to meet one's life needs directly, use goods or services outside of those purposes which are definitely not included in an activity consumption. What is not included in consumption activities is like a public transportation driver who takes his passengers every day from morning to evening. This cannot be categorized as a consumption activity but rather a production activity.
Consumption has characteristics that can distinguish it from consumption behavior or non-consumption behavior. The following are characteristics of consumer goods or goods which are explained as follows:
- Goods consumed can meet the needs of life. Such as the use of hoes, hammers, nails is not a consumption activity because it is a production activity.
- Consumer goods can have benefits, value and volume which when used will be used up all at once or can be used up gradually. And consumer goods can be used up all at once if the consumption goods are indeed types of goods that can be used up at once, such as food and drinks. Items that do not run out immediately in one use or can be used up gradually are clothes, buckets, tv, and so on.
- Consumer goods can be obtained with sacrifice and are economic goods. And these goods must be obtained by sacrifice and are economic goods. Because if we breathe the air and sunbathe in the morning it is not a production activity because it can be done for free or for free.
Production Factors
Factors that can affect production include:
1. Price of goods
The price of goods is very decisive because if the price of an item rises, it will have an impact on the level of consumption that is made to decrease. Conversely, if the price becomes cheap, there will be many levels of consumption that will be carried out.
2. Number of Family Members
The number of family members has a significant impact because the more family members, the more expenses needed each day.
3. Earnings And Income Levels
The level of income and income earned by someone will be a barrier factor. When the income or income that is obtained becomes large, the level of consumption that will be carried out becomes large and vice versa.
Here's an explanation about Definition of Consumption, Purpose and Factors (Full Discussion) given knowledge. With a measure or control over the expenses we spend, it will give us Savings that will benefit us do not only think about what we continue to consume continuously. Hopefully useful 🙂
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