Consumption is an important engine of economic growth. What kind of consumption can make the economy warm up?

Consumption is an important engine of economic growth. Only when consumption heats up can the economy heat up.

Consumption is the final demand and an important engine of China's economic growth. Promoting consumption in an all-round way and enhancing the basic role of consumption in economic development are the inevitable requirements for coping with the uncertainty of domestic and international economic situation changes and accelerating the cultivation of a complete domestic demand system, and also conform to the people's yearning for a better life after building a well-off society in an all-round way.

It is of great practical significance and far-reaching historical significance to alleviate the short-term downward pressure on the economy, maintain long-term sustained and healthy economic development, and constantly promote people's livelihood and well-being to a new level.

Consumption is an important last link in the process of social reproduction. It refers to the process of using social products to meet people's various needs, which is divided into production consumption and personal consumption. The former refers to the use and consumption of means of production and living labor in the process of material production.

consumption function

Consumption plays a more and more important role in supporting and promoting economic growth, the endogenous motivation of innovation-driven development has been significantly enhanced, the consumption level of residents has reached a new level, and the people's growing needs for a better life have been better met, which has provided strong support for promoting high-quality economic development and building a new pattern of development.

The contribution rate and pulling effect of consumption to economic growth is obviously higher than that of investment, and economic growth is gradually changing from investment-driven to consumption-driven Consumption innovation has spawned many new consumption economic forms, such as network celebrity economy, "first store economy", night economy and green consumption, which have obvious scale effect and leading effect and become new consumption hotspots and new growth points.