About: Consumer economy

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A consumer economy describes an economy driven by consumer spending as a percent of its gross domestic product, as opposed to the other major components of GDP (gross private domestic investment, government spending, and imports netted against exports). In the U.S., it is usually said by economists, including in Henry Hazlitt's "Economics in One Lesson" that 70% of spending is consumer-based, but this number is disputed by economists like Businessweek columnist Michael Mandel.

Attributes	Values
rdfs:label	Consumer economy (en)
rdfs:comment	A consumer economy describes an economy driven by consumer spending as a percent of its gross domestic product, as opposed to the other major components of GDP (gross private domestic investment, government spending, and imports netted against exports). In the U.S., it is usually said by economists, including in Henry Hazlitt's "Economics in One Lesson" that 70% of spending is consumer-based, but this number is disputed by economists like Businessweek columnist Michael Mandel. (en)
dcterms:subject	Business models Consumer
Wikipage page ID	1395335 (xsd:integer)
Wikipage revision ID	1124073455 (xsd:integer)
Link from a Wikipage to another Wikipage	Permanent income hypothesis Desire Consumer spending Consumerism Government spending Consumer revolution Commodity British Empire Business Insider Businessweek Absolute income hypothesis Africa Business models Economic growth Forbes Henry Hazlitt The Economist Advertising China Consumer Economic system Economics in One Lesson Great Famine of 1315–1317 Gross domestic product Gross private domestic investment Real gross domestic product Romantic poetry Service economy Lines of credit dbr:Installment_plans dbr:Romantic-era
Link from a Wikipage to an external page	https://www.businessinsider.com/the-devolution-of-the-consumer-economy-2011-4
sameAs	Consumer economy Consumer economy Consumer economy
dbp:wikiPageUsesTemplate	dbt:Expand_section dbt:Reflist dbt:Consumer_behaviour
has abstract	A consumer economy describes an economy driven by consumer spending as a percent of its gross domestic product, as opposed to the other major components of GDP (gross private domestic investment, government spending, and imports netted against exports). In the U.S., it is usually said by economists, including in Henry Hazlitt's "Economics in One Lesson" that 70% of spending is consumer-based, but this number is disputed by economists like Businessweek columnist Michael Mandel. (en)
prov:wasDerivedFrom	wikipedia-en:Consumer_economy?oldid=1124073455&ns=0
page length (characters) of wiki page	12045 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Consumer_economy
is Link from a Wikipage to another Wikipage of	Scalea Up the Yangtze National Analysts Consumer economics Consumer revolution The Trews (web series) Emerald City Alfred Choubrac Diamond industry in Israel Planned economy Mortgage slave Outline of economics Consuming economy Consumption-oriented life
is Wikipage redirect of	Consuming economy Consumption-oriented life
is foaf:primaryTopic of	wikipedia-en:Consumer_economy

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