(Redirected from ECPR) The European Consortium for Political Research (ECPR) is an independent scholarly association that supports and encourages the training, research and cross-national cooperation of many thousands of academics and graduate students specialising in political science and all its sub-disciplines.
Consumption, in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is the purchase of goods and services for use by households.
â¢ ECONOMIC CONSUMPTION (noun). The noun ECONOMIC CONSUMPTION has 1 sense: 1. (economics) the utilization of economic goods to satisfy needs or in manufacturing. Familiarity information: ECONOMIC CONSUMPTION used as a noun is very rare.