Consumption
in sentence
2633 examples of Consumption in a sentence
Up to a threshold of around 100 kwh per capita per day, energy
consumption
and human development indicators go hand in hand.
But he must also provide some real evidence that China is opening its markets as domestic
consumption
grows, and that it recognizes that a sustainable global recovery requires adjustments in China as well as America to redress international imbalances.
The aim is to improve the overall standard of living – achieving moderately strong growth, raising the share of
consumption
in GDP, and improving air and water quality – through a combination of Western-style monetary and fiscal policies, state-financed infrastructure development, and changes in environmental and other regulations.
Although I cannot claim to be an expert on Chinese economic statistics, I think these headlines are a natural but misleading consequence of the authorities’ intentional effort to shift China’s economic structure away from industrial expansion and exports toward greater reliance on services and household
consumption.
Per capita energy
consumption
in countries such as China and India, the combined population of which is over 2 billion (and rising), is about one tenth of that of the USA, and will no doubt rise substantially in the future.
But most have suffered from the opposite syndrome: excessive reliance on capital inflows, which, by spurring domestic credit and consumption, generate temporary growth.
Nor has domestic
consumption
been sufficiently expanded, leaving economic growth overly dependent on exports and foreign investment.
To promote the sale of household electrical appliances in rural areas, the government has begun providing a 13% price subsidy, not only benefiting rural consumption, but also boosting the growth of major industrial enterprises.
They take the mechanistic view that prosperity is a matter of employment, and that employment is determined by “demand” – government spending, household consumption, and investment demand.
First, wealth effects are statistically small; most studies show that only about 3-5 cents of every dollar of asset appreciation eventually feeds through to higher personal
consumption.
With real
consumption
stuck on a 1% growth trajectory, the bulk of the US population understandably views economic recovery and job security very differently from those enamored of wealth effects.
Lower oil prices and job creation, it was thought, would boost disposable income and
consumption.
Moreover, strong domestic demand has failed to materialize;
consumption
growth was weak in the first quarter, and capital spending and residential investment were even weaker.
Even income policies that lift wages, and hence labor income and consumption, are a better source of domestic growth than currency depreciations (which depress real wages).
Meanwhile, the reforms necessary to reduce savings and increase private
consumption
are being delayed.
A better balance between production and
consumption
would avoid large swings in oil prices.
In Asia, economic growth had stimulated food
consumption.
Grain
consumption
per head in India has remained static, and is less than one-fifth the figure for the US, where it has been rising.
This means that limits on our
consumption
of fossil fuels cannot be measured only by the availability of supplies, but must also take account of the environmental costs.
And, if the newly affluent follow the patterns of consumption, energy use, and carbon emissions that accompany high income levels now, the climate change battle will have been lost.
But energy
consumption
– and thus carbon emissions – rise with per capita income.
This will surely involve sharp cuts in the
consumption
of fossil fuels, bolstered by taxes and other restrictions.
The Extinction PuzzleWith six billion humans and counting – and our individual
consumption
growing – we face enormous challenges in using our natural resources sustainably.
Lowering private and public
consumption
in order to boost private savings, and implementing fiscal austerity to reduce private and public debts, aren’t options, either.
Beyond an awareness of the short-term risks of competitive devaluation lies the Chinese government’s serious commitment to its longer-term goal of shifting the country’s growth model from one based on investment and exports to one driven by domestic
consumption.
Since assuming office in 2013, Premier Li Keqiang’s government has chosen not to loosen the previous government’s rigorous macro policies, instead hoping that the resulting pressure on existing industries might help to stimulate the authorities’ sought-after structural shift toward household
consumption
and services.
But such is the nuclear industry’s water intensity that EDF withdraws up to 19 billion cubic meters of water per year from rivers and lakes, or roughly half of France’s total freshwater
consumption.
All this has negative implications for US consumption, for the building industry, and for the banking system.
This excess supply of credit results in additional
consumption
and investment, triggering a boom.
While it calls for action to “promote healthy behaviors” it does not include any measures to curb smoking, reduce excessive alcohol consumption, or improve diets; instead, the report focuses solely on water, sanitation, and hygiene (all good things, to be sure).
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