👉 Overconsumption is a concept in economics that refers to excessive spending or consumption beyond what is necessary for survival, health, and well-being. It can be defined as an unsustainable level of expenditure or consumption that leads to negative consequences such as environmental degradation, social unrest, and economic stagnation. Overconsumption can occur at any stage of life, from childhood to old age, and it is often associated with poverty, lack of education, and a lack of access to basic necessities like food, water
