USE OF GOODS AND SERVICES

IPA (US):

 Dictionary entry overview: What does use of goods and services mean? 

• USE OF GOODS AND SERVICES (noun)
  The noun USE OF GOODS AND SERVICES has 1 sense:

1. (economics) the utilization of economic goods to satisfy needs or in manufacturing

  Familiarity information: USE OF GOODS AND SERVICES used as a noun is very rare.

 Dictionary entry details 

• USE OF GOODS AND SERVICES (noun)

Sense 1

Meaning:

(economics) the utilization of economic goods to satisfy needs or in manufacturing

Classified under:

Nouns denoting natural processes

Synonyms:

consumption; economic consumption; usance; use; use of goods and services

Context example:

the consumption of energy has increased steadily

Hypernyms ("use of goods and services" is a kind of...):

demand (the ability and desire to purchase goods and services)

Domain category:

economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)

Hyponyms (each of the following is a kind of "use of goods and services"):

conspicuous consumption (buying expensive services and products in order to flaunt your wealth)