What does the word consumption mean?

Usage examples for consumption

  1. If the supply, or present stock in hand, be entirely in the possession of one person, he will naturally endeavour to put such a price upon it as shall produce by its sale the greatest quantity of money; but he will be guided in this estimate of the price at which he will sell, both by the knowledge that increased price will cause a diminished consumption, and by the desire to realize his profit before a new supply shall reach the market from some other quarter. – On the Economy of Machinery and Manufactures by Charles Babbage
  2. For it is well known that monopolies have raised the prices and reduced the consumption not of one, but of hundreds of articles. – Monopolies and the People by Charles Whiting Baker
  3. No fear of his going into consumption. – East Lynne by Mrs. Henry Wood