Definition, Meaning & Synonyms
consumer-spending
Noun
/kənˈsjuːmər ˈspɛndɪŋ/
Definition
The total amount of money spent by individuals and households on goods and services in an economy.
Examples
- Increased consumer spending can lead to economic growth.
- During holiday seasons, consumer spending tends to rise significantly.
- Government policies can affect consumer spending habits.
Meaning
Consumer spending reflects the demand for goods and services, influencing the economic health of a country.
Synonyms
- Consumer expenditure
- Household spending
- Personal consumption
