2002•Unpublished venueRequires access

On the Demand and Policy of Consumption

Xue Hesheng

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Abstract

The market-oriented economy is actually guided by the demand. The demand of consumption is the motive force of the economic development. The level of consumption comes down at present because of the interaction of the restrictive factors from both within and without. Therefore, the most important task concerning the macro-economic regulation is to revise and optimize the policy of consumption, which will ensure the sustained needs and increase the consumption level on the basis of changes in consumption patterns.

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What this paper is about

The market-oriented economy is actually guided by the demand. The demand of consumption is the motive force of the economic development. The level of consumption comes down at present because of the interaction of the restrictive factors from both within and without. Therefore, the most important task concerning the macro-economic regulation is to revise and optimize the policy of consumption, which will ensure the sustained needs and increase the consumption level on the basis of changes in consumption patterns.

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Available abstract

The market-oriented economy is actually guided by the demand. The demand of consumption is the motive force of the economic development. The level of consumption comes down at present because of the interaction of the restrictive factors from both within and without. Therefore, the most important task concerning the macro-economic regulation is to revise and optimize the policy of consumption, which will ensure the sustained needs and increase the consumption level on the basis of changes in consumption patterns.

Key concepts: Consumption (sociology), Economics, Consumer spending, Macro, Autonomous consumption, Demand management, Consumer demand, Microeconomics

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