Use Of Goods And Services (Noun)
Meaning
(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily".
Classification
Nouns denoting natural processes.
Examples
- The country's use of goods and services in the industrial sector accounted for most of its economic growth last year.
- Economists track the use of goods and services to gauge a nation's overall economic performance.
- During the holiday season, the use of goods and services typically surges due to increased consumer spending.
- Reducing our use of goods and services that contribute to pollution is essential for environmental sustainability.
- The graphs showed a significant rise in the use of goods and services in the technology sector over the past decade.