Meaning of “domestic consumption” in the English Dictionary

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"domestic consumption" in Business English

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domestic consumptionnoun [ U ]


products and services that are bought and used in the country that makes or offers them:

With a large wine surplus this season, export sales are slumping and domestic consumption is down.
The bulk of value creation and employment occurs in the production of goods and services for domestic consumption.

(Definition of “domestic consumption” from the Cambridge Business English Dictionary © Cambridge University Press)