Consumption
in sentence
2633 examples of Consumption in a sentence
Investors fearing geopolitical catastrophe might cope to some degree by raising their
consumption
spending.
For decades numerous work incentives were developed and maintained in the Soviet economy, whereas
consumption
incentives were totally and intentionally highly suppressed.
Moreover, ideological and political influence was preserved through a state-controlled
consumption
system based on various forms of distribution through the budget (benefits and such).
Limiting public
consumption
was a way to compensate for the overblown needs of the military-industrial complex.
Furthermore, extremely low levels of private savings and traditionally meager
consumption
needs (about 70% of the population consider $100 to be a sufficient monthly income for a family member) start to impede internal demand growth and internal production development.
Moreover, credit growth has accelerated and asset prices have risen – trends that will encourage
consumption
by triggering the wealth effect (when people spend more because they feel richer).
Without synthetic fertilizer, which is produced almost entirely with fossil fuels, half the world’s food
consumption
would be imperiled.
This argument seems particularly strong in the United States, which during the long boom years grew accustomed to unemployment rates of around 5% and steady growth in
consumption.
Germany experienced a
consumption
and construction boom after unification, with full employment and a current-account deficit.
The consequences of rising income inequality can tempt policymakers down a dangerous path: the use of debt, sometimes combined with an asset bubble, to sustain
consumption.
But Germany also swamped world’s markets with mass
consumption
goods: cheaper musical instruments than the traditional makers in France or Italy could produce, and lithographic prints used for Christmas cards and seaside postcards.
Furthermore, populations in the eurozone’s stagnant economies are increasingly demanding that Germany change its policies, increasing wages and implementing measures aimed at boosting
consumption
and discouraging savings.
After the global economic crisis weakened external demand, which sustained China’s unprecedented economic growth for three decades, the authorities agreed that internal demand, especially domestic consumption, must become the country’s new growth engine.
The Boston Consulting Group estimates that, with an average annual GDP growth rate of 7% in China and 2% in the United States, Chinese domestic
consumption
will rise to half of America’s by 2015, and 80% in 2020 (assuming that the renminbi appreciates at an average rate of 3% against the US dollar over the next few years).
But China cannot rely on
consumption
as its only growth engine.
Only by combining growing Chinese
consumption
with enhanced Chinese manufacturing will the country be able to develop a new comparative advantage, which is the key to sustainable growth over the next decade.
As a result, perhaps the long-awaited turnaround in German
consumption
-- which has been flat for the good part of a decade -- is about to happen.
The total value of government
consumption
is much more important than the temporary unemployment insurance offered by many countries, or programs such as Trade Adjustment Assistance in the US.
Easier credit conditions and lower interest rates are supposed to boost growth by stimulating investment and
consumption
demand.
Effective pollution control also means embedding strategies for prevention in all future growth and development strategies, recognizing that success is possible only if societies change their patterns of production, consumption, and transportation.
By contrast, the lower dollar makes reduced
consumption
consistent with full employment by shifting consumer spending from imports to domestic goods and services, and by supplementing this rise in domestic demand with increased exports.
For China to become a high-income country, it must switch to an economic model that emphasizes innovation, productivity growth, and environmentally-friendly production and
consumption.
That policy produced short-term
consumption
gains for America, which explains why it was popular with American politicians, but it has inflicted major long-term damage on the US economy and contributed to the current crisis.
That is why addressing
consumption
bias must be the highest priority over the next few years.
Instead, the resources generated by human ingenuity remain far ahead of human
consumption.
The only hope was to stop economic growth itself, cut consumption, recycle, and force people to have fewer children, stabilizing society at a significantly poorer level.
Technological innovations have replaced mercury in batteries, dental fillings, and thermometers: mercury
consumption
is down 98% and, by 2000, the price was down 90%.
More broadly, since 1946, supplies of copper, aluminum, iron, and zinc have outstripped consumption, owing to the discovery of additional reserves and new technologies to extract them economically.
Higher prices would reduce
consumption
of fruits and vegetables, causing myriad adverse health effects (including tens of thousands of additional cancer deaths per year).
We must learn to do more with less, decouple economic growth from resource consumption, and nurture the social and spiritual aspects of our existence.
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