The use of goods and services for personal satisfaction is known as
A) the formation of capital goods.
B) production.
C) personal investment.
D) consumption.

Question

Quizplus · Accepted Answer

The use of goods and services for personal satisfaction is known as consumption. Production involves the creation of goods and services, while the formation of capital goods refers to the creation of long-term assets used in production, and personal investment typically refers to investing money in financial assets to generate revenue or savings.

The Use of Goods and Services for Personal Satisfaction Is