In economics,what word is used to describe the act of using goods or services to satisfy wants?
A)consumption
B)production
C)purchasing power
D)investment
E)shopping

Question

Quizplus · Accepted Answer

Consumption is the term used to describe the act of using goods or services to satisfy wants. Production refers to the creation of goods and services, purchasing power refers to the ability to buy goods and services, investment refers to putting money into assets with the hope of future financial gain, and shopping refers to the activity of browsing or buying goods in a store.

In Economics,what Word Is Used to Describe the Act of Using