Religion Past and Present

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Consumption
(352 words)

[German Version]

Income is consumed by individuals, saved, or paid in taxes. The state also spends a portion of its income – in addition to investments, transfers, and subsidies – for consumer products. Consumption refers to all activities by private economic parties that serve the immediate satisfaction of needs. State consumption is entered into the gross national product under the key word “consumption by the state” (expenditures by the state for services that are made available without special payment of taxes, fees, or contributions). Investment …

Cite this page
Bayer, Stefan, “Consumption”, in: Religion Past and Present. Consulted online on 25 January 2020 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_12141>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



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