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Economics miscellaneous

  1. Collective consumption means
    1. household consumption
    2. individual consumption
    3. self–consumption
    4. consumption by the citizens of the country
Correct Option: D

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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