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As price rises, consumption comes down - and so does harm.
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The rest is supplied by rising consumption.
That explains the rosy outlook of shoppers and rising consumption.
Our recovery to date has been focussed on rising consumption underpinned by rising household borrowing.
WHILE bacon consumption in restaurants is rising, consumption in American homes is still dropping.
Supply growth has begun to outstrip rising consumption for some commodities (see chart 2).
In part, the country's garbage crisis is a tale of rising consumption.
With unemployment falling and wages expected to rise, consumption is at last starting to pick up.
There is also rising consumption around the world "as the global economy starts to come out of recession".
But before we point the finger at emerging economies for their rising consumption, let's keep things in perspective.
"Rising savings and rising consumption spending are constructive signs," Steven Ricchiuto, chief United States economist for Mizuho Securities, said in a research note.
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