"These macro-financial links arise from the many roles housing plays for households, small firms, and financial intermediaries, as a consumption good, long-term investment, store of wealth, and collateral for lending, among others.
Many other recorded media, especially video, analog audio formats and any digital formats, require an intermediary machine for human consumption.
In each case, energy is expended to operate the mechanism, through consumption of intermediary metabolites such as ATP.
Then there are the men who transport the goods, the young boy who helps in the kitchen and waits on table (and, as in real life, those who clean up)—all the intermediaries who connect production and consumption.
This logic is dominant in intermediary goods, as well as in certain consumption goods, characterized by high potential economies of scale.
Financial intermediaries and markets allow individuals to reallocate consumption over their lifetimes.
But Mr Bazot argues, "So long as capital income generates wages and profits to financial intermediaries, it is akin to an implicit consumption of financial services".When Mr Bazot adds capital income to the numbers, he finds that the financial industry's share of GDP has been steadily increasing in recent decades (see chart).
Households optimally choose their consumption of market goods, home production, intermediary goods, leisure time, and time spent on home production by maximizing their lifetime utility (V).
I basically call them intermediary images, or images not meant for human consumption.
As a usual assumption, intermediary metabolites cannot accumulate in the cell: the consumption and production flux rates of intermediary metabolites are balanced.
