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the family commonly provides the opputunity provides for prduct exposure and trial and imapcts consumption calues to its memners

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The statement " The family commonly provides the opportunity for product exposure and trial and imparts consumption values to its members." is true.

Give a brief account on consumption.

Consumption can be regarded as the use of resources to fulfill current needs and desires.In contrast, investing comprises buying purchases with the intention of generating future income. Consumption is a fundamental concept in economics and is investigated in a variety of social sciences. Different economic schools have different definitions of consumption. Mainstream economists believe that only the final purchase of newly produced goods and services by individuals for immediate use qualifies as consumption; all other types of expenditure, including government spending, fixed investment, and intermediate consumption, are classified as separate categories (see consumer choice). Other economists have a much broader definition of consumption, which includes all economic activity that does not include the creation, production, or selling of products and services.

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