Consumption
in sentence
2633 examples of Consumption in a sentence
Indeed, Asia’s growing middle class will transform a region known as a global manufacturing hub into a
consumption
powerhouse.
Moreover, social safety nets should be created or strengthened, in order to help safeguard the middle class from negative shocks and boost
consumption
growth (which continues to be hampered by precautionary saving).
If so, will the modified policy precipitate a reversal in this trend and, in turn, a
consumption
boom in the coming decade?
On average, the share of household income spent by parents of multiple children on non-child-related
consumption
in later stages of life is about eight percentage points higher than it is for parents of only children.
Though the change to the one-child policy may cause a moderate
consumption
boom, it could also reverse a positive trend: the acceleration of human-capital accumulation.
Could the widespread availability and
consumption
of pornography in recent years actually be rewiring the male brain, affecting men’s judgment about sex and causing them to have more difficulty controlling their impulses?
Six years ago, I wrote an essay called “The Porn Myth,” which pointed out that therapists and sexual counselors were anecdotally connecting the rise in pornography
consumption
among young men with an increase in impotence and premature ejaculation among the same population.
As per capita incomes and productivity grow, people devote more of their
consumption
budget to tourism and travel, entertainment, education, health care, and much else.
But
consumption
is not an ethical aim.
From the ethical point of view,
consumption
is a means to goodness, and the market system is the most efficient engine for lifting people out of poverty: it is doing so at a prodigious rate in China and India.
But this does not tell us at what point
consumption
tips us into a bad life.
But the best and most likely responses are those that accelerate domestic
consumption
growth by increasing household income, effectively deploy income from state-owned assets, and strengthen China’s social-security systems in order to reduce precautionary saving.
After centuries of wasteful production and
consumption
practices – facilitated by ever-lower commodity prices that have declined by an average of 0.7% a year in peacetime over the past century – the world is in dire need of technologies that enable producers and consumers alike to do more with less.
Similarly, OPower has used behavioral science and cloud-based software to motivate consumers to cut their energy
consumption
by 2-4% annually – a change that is beginning to reshape power markets.
Limited progress has already been made on this front: investment as a percentage of GDP has fallen slightly to 46% in 2014, while growth in retail sales and
consumption
have outpaced GDP growth.
But with household
consumption
still below 40% of national income, China has a long way to go.
Constraining new credit would fuel a surge in defaults on bank loans and wealth-management products, and would cause investment to contract much more rapidly than
consumption
can feasibly grow.
If global salt
consumption
were reduced to the recommended level, an estimated 2.5 million deaths – equivalent to the population of Jamaica – could be prevented every year.
Limit the
consumption
of products such as processed meats, cheeses, potato chips, ready-made meals, and condiments like soy sauce, fish sauce, and ketchup.
If all relevant actors – including governments – do what is needed to reduce salt consumption, the health benefits will soon become apparent.
As Asian economic growth has increased,
consumption
in the region has also risen.
Multinational companies and Western countries – both of which stand to benefit greatly from Asia’s increasing
consumption
– have encouraged Asians to aspire to a Western standard of living, with its high energy usage, electronic toys, and meat-heavy diet.
In previous centuries, Western economic growth was characterized by a comparatively insignificant minority having unfettered access to resources, and was thus built on fueling
consumption.
Indeed, they must openly acknowledge the impossibility of supporting demands for ever-higher material
consumption
in Asia without irreversibly changing our planet’s climate and resource pool.
All of this implies that Asian governments will need to play a far greater role than officials in Europe or America in managing both the macro-economy and personal
consumption
choices, which will require very sensitive political choices regarding individual rights, as well as policies that powerful business interests – many of them Western – will resist.
Britain’s once-vaunted civil service has also atrophied since the 1970s, and technocratic leaders would have seen immediately that Europe’s inhumane and counterproductive post-crisis austerity policies could not create jobs, raise incomes, generate taxes, or boost
consumption.
One particular challenge for economic measurement stems from the fact that an increasing share of
consumption
comprises digital products delivered at a zero price or funded through alternative means, such as advertising.
Eventually, a more balanced system emerged, based on three main institutions: health insurance, Keynesian fiscal and monetary policy to soften the impact of the business cycle, and, of utmost importance, a policy of high salaries and reduction of economic inequality in order to boost household
consumption.
Its “20-20-20” climate plan – by far the most comprehensive climate-change policy in effect anywhere – aims to reduce greenhouse-gas emissions by 20% from 1990 levels by 2020, ensure that renewable energy delivers 20% of energy consumption, and cut primary energy use by 20%.
Of course, the EU 20-20-20 plan aims to do more than just reduce emissions; it also attempts to increase renewable-energy use and cut overall energy
consumption.
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