Here are the basics about our consumption.
What is consumption?
Consumption, in a broad sense, refers to consuming something. Consumption is an essential term in economics, referring to products and services consumed by households. Global economic indicators such as GDP (gross domestic product), or household expenditure utilize the term consumption. Consumption is interlinked with production, as all production is inherently dependent on the fact that we, consumers, have a need and a want to consume.
Who is a consumer?
The countless consumption processes that take place during our everyday lives make us consumers. As consumers, we are part of an economic system. That means that there are two core sides/components/factors to look at: the consumer and the economic system itself. Those sides are interdependent as they interact and affect each other.
Why do we consume?
Our wish to consume doesn’t only come from the need to satisfy a physical or physiological need like food, shelter and more. We consume to create and shape our identities. Consumption is a big part of our psychological and social lives. We are, first and foremost, consumers.
What do we consume?
We, humans, spend most of our time consuming something. We consume food, energy, but also information and data.
HOW TO CONSUME MORE SUSTAINABLY?
It is easier than you think to kick-start your sustainability journey today and immediately. Many solutions can be implemented right away and without complicated and time-intensive hands-on or intellectual preparation.
Here is the How To Become A Considerate Consumer in 6 Easy Steps →.
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