Consumption Goods

Some articles on consumption, consumption goods:

Austrian Business Cycle Theory - Criticisms - Theoretical Objections
... cycles are caused by the misallocation of resources from consumption to investment during "booms", and out of investment during "busts" ... resources during "busts" would increase employment in consumption industries, whereas in reality, spending declines in all sectors of an economy during recessions ... He furthermore argues that prices on consumption goods may go up as a result of the investment bust, which could mean that the amount spent on consumption ...

Famous quotes containing the words goods and/or consumption:

    The technological landscape of the present day has enfranchised its own electorates—the inhabitants of marketing zones in the consumer goods society, television audiences and news magazine readerships... vote with money at the cash counter rather than with the ballot paper at the polling booth.
    —J.G. (James Graham)

    The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.
    Thorstein Veblen (1857–1929)