Question

We consume for various reasons. Sometimes we buy in order to reduce suffering (medicine), or to give pleasure (movies), or to feel safer (a lock), to become wiser (education), or to be more comfortable (a chair). What is the one word used by economists that includes all these meanings?

Answer 1

The one word used by economists that includes all these meanings would be GDP or "Gross Domestic Product" since these are all either goods or services.