I see headlines and articles discussing how consumer spending is driving, or of late, possibly slowing, the economy. But if not for people buying non-essential products and services, what else would drive the economy? Everyone needs food, shelter, and clothing. Many need cars, depending on their location. But I take it that spending on necessities is not enough, especially non-consumable or long lasting things like houses and cars.
In: Economics
There are basically three things that can drive demand: consumer goods, means of production, and debt.
So if not consumer goods it can be investment in infrastructure, equipment, factories, and production inputs
Or purchasing things with borrowed money.
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