Collective consumption means
(A) household consumption
(B) individual consumption
(C) self-consumption
(D) consumption by the citizens of the country
Correct Answer : consumption by the citizens of the country
Question Asked : SSC CHSL (10+2) DEO & LDC Exam 2014
Explanation : Collective consumption is a concept that refers to the many goods and services that are produced and consumed on a collective level, such as in cities or countries. These include schools, libraries, roads, bridges, public transportation, health care, welfare, fire and police protection, etc.
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Tags : macroeconomics
