An item that gets “used up” and reduced in quantity in the normal course of events. Consumables are the opposite […]

Consumer goods with a life expectancy of more than three years such as home furniture, cars, and fridges.

A measure of the general level of prices that consumers have to pay for goods and services, including consumption taxes.

The consumer’s willingness to pay for a good minus the price at which the consumer bought the good, summed across […]

Expenditure on consumer goods including both short-lived goods and services and long-lived goods, which are called consumer durables.

An equation that shows how consumption spending in the economy as a whole depends on other variables. For example, in […]

A good or service that satisfies the needs of consumers over a short period.

Financial statements that reflect the total economic entity. For example, on a consolidated income statement a corporation having several subsidiaries […]

The operating activities of a company, excluding the major segments of the company that are being discontinued.

A potential loss that is dependent upon some future event occurring or not occurring. If the loss is probable and […]