Consumption
in sentence
2633 examples of Consumption in a sentence
Two important options for raising
consumption
are social insurance – which is developing, but too slowly – and reducing state-owned enterprises’ huge savings by paying dividends to citizens, much as privately owned companies routinely pay dividends to shareholders.
Policies to expand social security and improve the provision of public goods could support these efforts, boosting domestic
consumption
by allowing households to reduce their precautionary savings.
Yet, contrary to expectations, growth in household
consumption
has remained lackluster, and businesses have not ramped up investment.
It is clear that there is no scope in the foreseeable future to extend the EU budget in order to increase fiscal transfers to eurozone members affected by sharp declines in
consumption.
Until the financial crisis, the easy availability of credit, especially against home equity, enabled the middle class to sustain higher
consumption
despite stagnant incomes.
Taking the path of least resistance, policymakers pay little attention to curbing energy
consumption
– until supplies run short.
Excessive household debt is particularly risky, because a shock in the price of assets (especially real estate) translates quickly into reduced consumption, as it weakens growth, employment, and investment.
Increasing debt to sustain current consumption, whether in the household or government sector, is rightly viewed as an unsustainable element of a growth pattern.
Many governments nowadays are accumulating debt in order to buttress public or private
consumption.
Moreover, livestock production consumes one-third of the total water resources used in agriculture (which accounts for 71% of the world’s water consumption), as well as more than 40% of the global output of wheat, rye, oats, and corn.
If the rest of the world caught up to the United States – where meat
consumption
averages 125.4 kilograms per person annually, compared with a measly 3.2 kilograms in India – the environmental consequences would be catastrophic.
The demand for meat is projected to increase by 50% from 2013 to 2025, with overall
consumption
still rising in the West and soaring in the developing world, especially Asia.
Meat
consumption
actually leads to more greenhouse-gas emissions annually than the use of cars does.
Adopting a balanced, largely plant-based diet, with minimal
consumption
of red and processed meat, would help conserve natural resources, contribute to the fight against human-induced global warming, and reduce people’s risk of diet-related chronic diseases and even cancer mortality.
Households have cut their debt and rebuilt their balance sheets, but the large loss in household wealth, weak growth in wages and income, the concentration of most income gains at the top, and a decline in labor’s share of national income to record lows continue to constrain
consumption.
And household consumption, which is also growing rapidly, is still less than 40% of GDP.
True, China has been rebalancing away from exports: domestic
consumption
contributed to more than 60% of its GDP growth in ten of the 15 quarters since 2015, and up to 80% in the first half of 2018.
Similarly, environmentalists boast that households in the United Kingdom have reduced their electricity
consumption
by almost 10% since 2005.
The poor, no surprise, have reduced their
consumption
by much more than 10%, whereas the rich have not reduced theirs at all.
The Fed predicted an annual inflation rate, based on the personal
consumption
expenditures index, of 1.9% for 2015.
Initial damage to the confidence of the business class caused by higher taxes on the wealthy would be balanced by the prospect of higher overall
consumption.
Re-balancing the economy from gas-guzzling to energy-saving – and from private to public
consumption
– is bound to alter the goal of economic policy.
At the 2009 G20 summit in Pittsburgh, member governments agreed to “rationalize and phase out over the medium term inefficient fossil-fuel subsidies that encourage wasteful consumption.”
China has made great strides in recent years in implementing reforms that boost domestic private
consumption.
In the past, rising prices had a strong effect on US oil
consumption.
Since the price spikes of the 1970’s, US oil
consumption
per dollar of GDP has fallen by half, which also reflects the general economic shift away from industrial manufacturing to less energy-intensive production.
Greens argue that even if energy supplies are abundant, the ability of the environment to support current rates of
consumption
is limited.
He argued that this agenda could cut gasoline
consumption
significantly in a matter of years rather than decades.
But US government policies are unlikely to change Americans’ energy
consumption
significantly in the next few years.
Even if a new administration were to enact new policies after Bush leaves office in 2008, there would still be a lag prior to any effect on actual
consumption.
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