消費

消費 (xiāofèi) is a Chinese term that translates to "consumption" in English. It refers to the act of using goods and services to satisfy needs and desires. Consumption is a key concept in economics and can encompass various forms, including personal consumption (by individuals and households), business consumption (by companies procuring goods for operations), and public consumption (by government bodies or organizations). It plays a crucial role in economic activity, influencing production, distribution, and overall economic growth. Consumption is often measured in terms of expenditures on goods and services and can reflect consumer confidence, economic conditions, and lifestyle trends.