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With its own newly formed middle class, China now has its own consumption base to serve.
They wanted a flat rate tax on a consumption base that would largely, if not entirely, exempt capital from taxation.
But low export dependence, a large consumption base and the high share of employment (two-thirds) and income (one-half) coming from rural areas has helped sustain consumption.
We've not seen the latest disposable income statistics, but it seems the world's consumption base has taken a large upward step in 2009, reversing 2008′s decline and preparing for new highs in 2010 and beyond.
Even after the model accounts for the fact that immigrants increase the size of the consumption base proportionately and that immigration-induced price changes move the pre-existing consumers along their product demand curve, the short-run real wage elasticity is still −0.3.
Potable water treatment in small communities is challenging due to a complexity of factors starting with generally poor raw water sources, a smaller tax and consumption base that limit capital and operating funds, and culminating in what is typically a less sophisticated and robust water treatment plant for production and delivery of safe, high quality potable water.
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We would put between 10-15% [of palm oil] globally for biodiesel consumption, based on agricultural sources".
It is usually better to look at household consumption based on surveys.
The government data showed slight differences in consumption based on age and gender.
Steadier, more sustainable models of consumption based on hiring, loaning and reuse are sometimes talked about, but aren't making a dent.
According to him, the term described "a developing state driven not by mercantilist capitalism or exports but a people-centric focus on growing levels of consumption based globally".
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CEO of Professional Science Editing for Scientists @ prosciediting.com