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Glossary of the 1993 SNA - Definition of Term

TermIndividual consumption good or service
DefinitionAn individual consumption good or service is one that is acquired by a household and used to satisfy the needs and wants of members of that household.
Paragraphs9.42.
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 
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