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Tag: Excessive spending

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What is the Definition of Excessive Consumption?

4 min read
According to the World Bank, the highest shares of consumption globally are in food, beverages, clothing, and footwear. The definition of excessive consumption refers to the use of resources, goods, and services beyond what is necessary or sustainable, often leading to negative environmental, economic, and personal consequences. This concept is complex, lacking a single unifying definition, and varies depending on the context—be it economic, environmental, or psychological.