Question : Collective consumption means
Option 1: household consumption
Option 2: individual consumption
Option 3: self-consumption
Option 4: consumption by the citizens of the country
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Correct Answer: consumption by the citizens of the country
Solution : The correct answer is consumption by the citizens of the country .
The term collective consumption was first used in 1977 by Manuel Castells. Collective consumption means the production or manufacturing of anything collectively for the consumption of all the citizens. For example libraries, bridges and healthcare, etc.
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