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use of goods and services vs consumption of materials

consumption of materials vs use of goods and services

use of goods and services and consumption of materials both are nouns.

Word NounAdjectiveVerbAdverb
use of goods and services Yes No No No
consumption of materials Yes No No No
As nouns, consumption of materials is a hyponym of use of goods and services; that is, consumption of materials is a word with a more specific, narrower meaning than use of goods and services:
  • use of goods and services: (economics) the utilization of economic goods to satisfy needs or in manufacturing
  • consumption of materials: the expenditure in specific terms (per unit of production) of material resources (basic and auxiliary materials, fuel, energy, and depreciation of fixed assets) needed for production.
Other hyponyms of use of goods and services include conspicuous consumption, material intensity.
use of goods and services (noun) consumption of materials (noun)
(economics) the utilization of economic goods to satisfy needs or in manufacturing the expenditure in specific terms (per unit of production) of material resources (basic and auxiliary materials, fuel, energy, and depreciation of fixed assets) needed for production.
Difference between use of goods and services and consumption of materials

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