Consumption
in sentence
2633 examples of Consumption in a sentence
The solution is a rapid shift from China’s export-based growth model to one based on domestic demand; from infrastructure to consumption; from the dominance of large state-owned enterprises (SOEs) to that of small and medium-size private enterprises; from industry to services; and, more broadly, from bureaucratic control to market control.
The roots of China’s problems lie in its attempt to shift from exports and investment in infrastructure to a growth model based on higher domestic
consumption.
While factory jobs never became pleasant, blue-collar occupations now enabled a middle-class standard of living, with all its
consumption
possibilities and lifestyle opportunities.
For example, India will need to triple its annual per capita energy
consumption
– currently about 30 gigajoules – to achieve the standard of living of today’s developed world.
This is a fortunate coincidence, because shale-gas production would probably make it politically easier to phase out Poland’s economically and environmentally irrational subsidies to local coal production (and consumption).
Europe is already a heavy user of gas, but its
consumption
is stagnating (along with its economy).
Americans homeowners came to treat their houses as cash machines from which they withdrew equity lines of credit for
consumption
instead of investment.
NEW HAVEN – In his classic Fable of the Bees: or, Private Vices, Publick Benefits(1724), Bernard Mandeville, the Dutch-born British philosopher and satirist, described – in verse – a prosperous society (of bees) that suddenly chose to make a virtue of austerity, dropping all excess expenditure and extravagant
consumption.
The austerity plans being adopted by governments in much of Europe and elsewhere around the world, and the curtailment of
consumption
expenditure by individuals as well, threaten to produce a global recession.
Their analysis found a clear tendency for austerity programs to reduce
consumption
expenditure and weaken the economy.
Broad strategy is set by management at the top: growth targets, the structural shift from heavy industry to consumption, the Belt and Road Initiative (which will guide exports and foreign aid), and so on.
But the viability of Deng’s model is nearing its end, and China is now addicted to inefficient state-led fixed investment and unsustainable export-led growth, rather than domestic consumption, to generate jobs and growth.
But it would be premature to conclude that higher prices necessarily lead to lower
consumption
and thus better health outcomes.
By 2030, people living in cities will drive 91% of global growth in consumption, and China is emphasizing both urbanization and a consumer-led growth model.
MGI (where one of us is a partner) foresees continued growth in the number and income of urban consumers, and predicts that 700 Chinese cities will generate $7 trillion, or 30%, of global urban
consumption
growth between now and 2030.
Per capita spending is set to jump from $4,800 to $10,700 by 2030, at which point this group will spend 12 cents of every $1 of urban
consumption
worldwide.
In addition to driving further innovation, Chinese consumers – even those with relatively low incomes – are also investing heavily in the next generation, with 12.5% of overall
consumption
growth expected to go to education between 2015 and 2030.
That continued growth will require China to shift its economic model further from production to
consumption.
For a while, these countries finally had enough money to increase public-sector salaries and pensions, as well as spur private
consumption
and investment.
China’s government believed that it could engineer a soft landing in the transition from torrid double-digit economic growth, fueled by exports and investments, to steady and balanced growth underpinned by domestic consumption, especially of services.
Moreover, China needs to accelerate its efforts to increase domestic consumption, which, as a share of GDP, is far below that of other countries.
This fall in GDP, though a natural consequence of lower imports of
consumption
goods, is often mistakenly perceived as something to be avoided, because it seems to imply that output is below its “potential.”
Given that Greece had a current-account deficit close to 10% of GDP in 2010, a drop in imported
consumption
goods of that magnitude seems to be needed before the country’s external debt can be stabilized.
But it is not only the trade in illegal drugs that is destabilizing countries in the region; narcotics
consumption
is becoming a major problem as well.
Without a change of direction, drug trafficking, production, and
consumption
in West Africa will continue to undermine institutions, threaten public health, and damage development progress.
That’s right: with the American consumer on ice in the aftermath of the biggest
consumption
binge in history, the US economy has drawn its sustenance disproportionately from foreign markets.
But, given the close linkages between Mexican production and US
consumption
(which is now sputtering again), any resilience in the Mexican economy could be short-lived.
For example, when we surveyed people at the beginning of the course, only 21% said that they “almost always” crosschecked the news they consume, a troubling rate for a country where trust in media is low but
consumption
is high.
Collaborating with Ukrainian experts, we incorporated actual media consumption, sharing, and production patterns into the course design.
This spring, wages will increase – a long overdue development that will lead to greater
consumption.
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