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English definition of “final consumption”

final consumption

noun [U]     ECONOMICS
the total amount of goods and services bought and used in an economy, or the action of buying these goods and services: private/household/government final consumption Private final consumption grew by a robust 13.5 percent in the first quarter this year. Household final consumption expenditure is a price index that represents consumer spending.
(Definition of final consumption noun from the Cambridge Business English Dictionary © Cambridge University Press)
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