Without consumption the economy is 0. Without supply the economy is 0. Together you have an economy.
We’re hurting consumption by offshoring manufacturing. People without jobs don’t consume much.
The imports are temporarily cheaper and provide more supply. But that will stop when we run out of money and no one is willing to buy the government’s debt.
Raise the import tariffs, which will put Americans back to work and bring back American manufacturing.
Thousands of years ago people realized they were consuming more food than they could hunt or gather so they turned to farming as a way of producing a supply of food they could consume.
Even before that people that lived in an area with good rocks for making tools traded those rocks with people from another area that had something they wanted or needed.
You’re right.
Consumption is what leads to production which when you put the 2 together equals an economy.