• Consumption-Based Economy

    Download PDF Version: Consumption-Based Economy 2 Sep 2013 2 September 2013 The USA is a consumption-based economy and America is a consumption-driven society.  Neither fact is necessarily good or bad.  It is the way America has operated for a century.  The issues at hand are (1) whether America can sustain high rates of consumption in an ever changing geo-political/economic environment, and (2) what are the consequences of a reduced consumption-based economy? Consumption is an economic function that is defined as ...