nonconsumption Definition
- 1the state of not using or consuming a particular product or service
- 2the absence of demand for a product or service
Using nonconsumption: Examples
Take a moment to familiarize yourself with how "nonconsumption" can be used in various situations through the following examples!
Example
The nonconsumption of meat products has increased in recent years due to concerns about animal welfare and environmental impact.
Example
The company's new product failed due to low demand and nonconsumption by the target market.
nonconsumption Synonyms and Antonyms
Synonyms for nonconsumption
Antonyms for nonconsumption
Phrases with nonconsumption
an economy where people are not consuming goods and services at the level that is expected or desired, leading to economic stagnation
Example
The country's nonconsumption economy was a result of high unemployment rates and low wages.
a situation where there is a lack of demand for a particular product or service, leading to economic problems for the producers and suppliers
Example
The nonconsumption crisis in the housing market led to a decrease in property values and an increase in foreclosures.
a business strategy that focuses on creating new markets by targeting nonconsumers of a particular product or service
Example
The company's nonconsumption strategy involved developing a low-cost product that would appeal to people who had never used their products before.
Summary: nonconsumption in Brief
Nonconsumption [non-kuh n-suhmp-shuh n] refers to the state of not using or consuming a particular product or service, or the absence of demand for it. It can be caused by various factors such as concerns about animal welfare, environmental impact, or economic problems. Examples include 'The nonconsumption of meat products has increased in recent years' and 'The company's new product failed due to low demand and nonconsumption by the target market.'
