Collective consumption means

  1. Household consumption
  2. Individual consumption
  3. Self -consumption
  4. Consumption by the citizens of the country
Manish Listener Asked on 18th November 2014 in Finance.
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1 Answer(s)

Collective Consumption refers to the use of resources, services and goods on a broad collective level. We can take public transport, roads, schools, hospitals, libraries etc as an example.

Collective Consumption term is used for sharing of goods and services across a society, group of people or cities.
Collaborative Consumption uses this phenomenon of sharing at a broader level i.e. across a nation or whole Earth.

In both the above terms, there are more use of goods by sharing things in the community. If we use less products then wastage would be low. It will help the whole planet to grow more environment friendly.

Pushpendra Pal Dean Answered on 18th November 2014.
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