“Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private consumption spending accounts for half or more of GDP.” ImportantHalfEconomyEconomicAccountsFunctionProductionsSpendingCapitalistHouseholdConsumptionGdpCapitalist Economy Book:Economics for everyone: a short guide to the economics of capitalism Source: Economics for everyone: a short guide to the economics of capitalism
“Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.” ChildrenCareGrowthEnvironmentParticularHugeMajorsProgramIncreaseImpactCaringIncomeGoodsExpansionEldersAffirmingGdpChild CareLife Affirming Book:Economics for everyone: a short guide to the economics of capitalism Source: Economics for everyone: a short guide to the economics of capitalism
