Using a product or service until it has no remaining value.

Use consumption in a sentence

We have a very high consumption rate of basic office supplies such as paper, pens, sticky notes, invisible tape and paper clips.

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Since California is in a terrible drought, it is advice to reduce water consumption in the house such as extended showers or continuous running faucets.

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When my company discovered that there was no more iron ore in our mines, we learned that we had hit the limit of what that mine could support of our consumption.

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time preference standard of living