Consumer economy

Consumer economy

A consumer economy describes an economy driven by consumer spending as a percent of its gross domestic product, as opposed to the other major components of GDP (gross private domestic investment, government spending, and imports netted against exports). [1]

The often-quoted statistic for the United States, for instance, is that consumer spending amounts to 70% of GDP since 2001[2] [3].

References

  1. ^ Education 2020 Homeschool Console, section Vocabluarly of Unit on "Economic Boom of the 1920s", quote: "CONSUMER ECONOMY: Definition: An economy that depends on a large amount of spending by comsumers. - school login required, accessed 12:21 PM, December 1st, 2009.
  2. ^ http://economix.blogs.nytimes.com/2010/05/03/big-spenders-the-consumer-economy/
  3. ^ http://www.wbur.org/2011/01/28/stronger-consumer-spending

Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Consumer spending — or consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. There are two variants of consumption in the aggregate demand model,… …   Wikipedia

  • economy — Synonyms and related words: GNP, barter economy, brevity, briefness, budget, capitalistic economy, carefulness, cheap, cheeseparing, collectivized economy, compactness, conciseness, concision, conservation, conservatism, consumer economy, control …   Moby Thesaurus

  • Economy of Second Life — Second Life has its own economy and a currency referred to as Linden Dollars (L$). This economy is independent of the Pricing, where users pay Linden Lab.In the SL economy, residents buy from and sell to one another directly, using the Linden ,… …   Wikipedia

  • Economy of the United States — Economy of United States Rank 1st (nominal) / 1st (PPP) Currency US$ (USD) …   Wikipedia

  • Consumer confidence — is an economic indicator which measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending …   Wikipedia

  • Economy of North Korea — Economic centre of North Korea Currency North Korean won Fiscal year …   Wikipedia

  • Economy of Mexico — Going clockwise and starting from the upper left image: Port of Veracruz, Puerta de Hierro in Guadalajara Business District, Mastretta MXT automobile by Mexican automaker Mastretta, Pemex Oil platform in the …   Wikipedia

  • Economy of Morocco — 100 Moroccan dirham Rank 54th Currency Moroccan Dirham (MAD) …   Wikipedia

  • Economy of Germany — Downtown Frankfurt Rank 4th (nominal) / 5th (PPP) Currency …   Wikipedia

  • Consumer Focus — is a statutory consumer organisation in England, Wales, Scotland, and, for postal services, Northern Ireland, formed in 2008 by the merging Postwatch, Energywatch and the Welsh, Scottish and National Consumer Councils. It is established by the… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”