Consumption
in sentence
2633 examples of Consumption in a sentence
Moreover, despite South Korea’s dependence on exports, domestic
consumption
is robust.
At the same time, private
consumption
is under 40% of GDP, with 60% being a more normal figure for economies at similar levels of development.
China’s investment is far more import-intensive than its consumption, which has continued to trend downwards.
With private
consumption
representing more than 70% of aggregate US demand, cutbacks in household spending will deepen the recession.
Consumption
possibilities are in turn maximized by providing firms with the freedom they need to take advantage of new technologies, the division of labor, economies of scale, and mobility.
Joblessness will undermine individual and community wellbeing even if
consumption
levels are propped up through cash grants.
That will require a huge increase in energy
consumption.
And yet zero-carbon power, though hugely important, is insufficient, because electricity currently accounts for only 20% of global energy
consumption.
Road transport and aviation, which currently rely almost entirely on liquid fossil fuels, account for 30% of total energy
consumption.
Two examples suffice to illustrate the impact: the price of rice has tripled while
consumption
of electricity is down by two-thirds from two decades ago.
Beyond serving as a temporary aid for people attempting to quit smoking cigarettes, such new nicotine-delivery systems could act as long-term alternatives to tobacco – making it possible to eliminate tobacco
consumption
almost entirely.
The use of nicotine in non-combustible forms like smokeless tobacco, or PNV, would enable millions of current smokers to reduce considerably the harm that their nicotine
consumption
is doing to their health.
The benefits of phasing out tobacco
consumption
could not be more compelling.
For example, a shift to a relatively flat
consumption
tax (with a large deductible for progressivity) would be a far simpler and more effective way to tax past wealth accumulation, especially if citizens’ tax home can be linked to the locale where their income was earned.
A progressive
consumption
tax is relatively efficient and does not distort savings decisions as much as today’s income taxes do.
There are many practical policies that can be adopted to reduce inequality, in addition to a progressive
consumption
tax.
As the middle class in southern countries has grown, its members’
consumption
and nutritional habits have changed, boosting global demand for processed foods – and setting off a scramble for market power among multinational agricultural, chemical, and food corporations.
And, although Chinese leaders know that they must rebalance the economy from investment and exports to consumption, doing so risks causing serious domestic political problems for the ruling Communist party.
As the investment rate rose to almost half of GDP, the share of
consumption
fell to as little as a third.
Similarly, failure to account for environmental externalities has contributed to the underpricing of natural resources like coal, fueling excessive resource
consumption
and creating a serious pollution problem.
China’s leaders are already working to guide the transition to a growth model driven by domestic
consumption
and higher-value-added production.
With the share of imports in US natural-gas
consumption
dropping from 16.5% in 2007 to 11% in 2010, America is on the path to energy self-sufficiency.
The US spends a much smaller share of GDP on family-assistance programs – including cash transfers, tax breaks, and direct government services – than its developed-country counterparts, where reliance on regressive
consumption
taxes to fund progressive transfer programs has kept income inequality significantly lower.
A higher exchange rate would reduce their current-account surpluses, because they are unable or unwilling to reduce their savings and sustain growth through higher spending on domestic
consumption.
If nominal and real depreciation (appreciation) of the deficit (surplus) countries fails to occur, the deficit countries’ falling domestic demand and the surplus countries’ failure to reduce savings and increase
consumption
will lead to a global shortfall in aggregate demand in the face of a capacity glut.
Indeed,
consumption
of antioxidant supplements in developed countries has become widespread.
This enforced investment slowdown is itself increasing China’s net savings, i.e., the current-account surplus, while constraining the expansion of domestic
consumption.
Moreover, China’s aging population, and its strategy of boosting domestic consumption, will negatively affect global savings.
Despite such problems, effective measures were implemented to evacuate those at risk and limit the potential hazard from
consumption
of contaminated foodstuffs.
Many in Paris will argue in favor of putting a price on carbon, which most economists believe would channel
consumption
away from carbon-intensive fuels.
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