173k views
5 votes
Consuming pattern meaning in society​

1 Answer

4 votes

Answer:

The term consumption pattern has been used to mean different things across history and disciplines. In economics, it has been mostly used to characterize a household's allocation of expenditures across different consumption categories, such as food, housing, clothing, and transportation.

Step-by-step explanation:

It means the organization of societies within the framework of their consumption rather than the production of goods and services, and is the result of capitalism. Learn more in: Social and Economic Transformation With the Institutional Economic Perspective

User My Pham
by
4.1k points