Sentence examples for cost of consumption from inspiring English sources
When prices reflect the full social cost of consumption, it allows us to minimize the waste of resources — or as economists would put it, to maximize efficiency.
By using different formats depending on circumstances, we minimize our total cost of consumption: the sum of prices we pay for products plus the time and effort expended to obtain them.
This is an area that will just keep expanding, as both restaurateurs and diners become more aware of the cost of consumption and its effect on the environment.
Further, we believe that there are good arguments for stating that the utility associated with life extension is captured by life years or QALYs, and therefore the best strategy is to avoid double counting of the value of consumption by subtracting the cost of consumption from the production value in the denominator.
We assume a societal perspective of the cost-effectiveness analysis [ 11] and suggest that if we are operating in a society where there are no externalities such as transfer payments, a CEA based on QALYs that include the value of consumption (and the value of leisure time) should not include the cost of consumption, as there are no opportunity costs to other parties.
In The Shadows of Consumption, Peter Dauvergne maps the costs of consumption that remain hidden in the shadows cast by globalized corporations, trade, and finance.
This includes consideration of how individuals and firms make decisions, and how policy analysts seek to quantify the benefits and costs of consumption and production.
The possibility that these individuals could "pay enough in taxes to cover the costs of consumption of public services is basically zero," he said.
Kleiman argued that, although legalization represented "a radical, near-complete solution to the problem of the illicit marijuana market," it also risked "a potentially huge increase in the social costs of consumption".
This greatly exacerbates the continent-wide social costs of consumption of this fossil fuel and helps to maximize the transboundary sharing of the emissions of greenhouse gases across the continent.
