Nowadays, many companies employ a number of methods of advertising their products which has led to widespread consumerism and these wide scale and effective advertising methods can sometimes lead people to buy unnecessary stuff. Many people believe that consumerism is good, but there are others who think otherwise. In this essay, I'll discuss the positives and negatives of consumerism.
Firstly, many international companies not only target rich countries, but they also target underdeveloped countries for their sales. Many developing countries have very volatile and weak economic structures and when widespread consumerism becomes common owing to effective advertising campaigns by international firms, their fragile economies often find it hard to cope with the financial efflux and the disparity between the imports and exports. Secondly, Consumerism is often responsible for a growing rift between different economic classes of the society and it is often portrayed to be something that only privileged people do. This often creates dissent among the poor and can sometimes result in the crimes and theft.
Consumerism can aid many companies to allocate more funds for research and development and this in turn can help the companies to have more competitive and refined products in the global market which in turn boosts their country exports. It also creates employment opportunities for people because companies can now employ more people against the increasing demands for their products. Consumerism can also result in the flow of cash from rich to poor people because many high end and expensive products target, financially stable and strong people and the profits from these sales can be equally disimbursed among the company and workers.
In conclusion, Consumerism is on the rise because of the effective and modern advertising techniques and this had negative effects on the economies of some countries, but overall, consumerism has also led to the development of the industrial sector, which in turn employs many people so therefore, controlled consumerism is not necessarily a bad thing and as it can have many advantages globally and nationally.
Nowadays,
many
companies
employ a number of methods of advertising their
products
which has led to widespread consumerism and these wide scale and effective advertising methods can
sometimes
lead
people
to
buy
unnecessary stuff.
Many
people
believe that consumerism is
good
,
but
there are others who
think
otherwise
. In this essay, I'll discuss the positives and negatives of consumerism.
Firstly
,
many
international
companies
not
only
target rich
countries
,
but
they
also
target underdeveloped
countries
for their sales.
Many
developing
countries
have
very
volatile and weak economic structures and when widespread consumerism becomes common owing to effective advertising campaigns by international firms, their fragile economies
often
find it
hard
to cope with the financial efflux and the disparity between the imports and exports.
Secondly
, Consumerism is
often
responsible for a growing rift between
different
economic classes of the society and it is
often
portrayed to be something that
only
privileged
people
do. This
often
creates dissent among the poor and can
sometimes
result in the crimes and theft.
Consumerism can aid
many
companies
to allocate more funds for research and development and this in turn can
help
the
companies
to have more competitive and refined
products
in the global market which in turn boosts their
country
exports. It
also
creates employment opportunities for
people
because
companies
can
now
employ more
people
against the increasing demands for their
products
. Consumerism can
also
result in the flow of cash from rich to poor
people
because
many
high
end
and expensive
products
target,
financially
stable and strong
people
and the profits from these sales can be
equally
disimbursed
among the
company
and workers.
In conclusion
, Consumerism is on the rise
because
of the effective and modern advertising techniques and this had
negative
effects on the economies of
some
countries
,
but
overall
, consumerism has
also
led to the development of the industrial sector, which in turn employs
many
people
so
therefore
, controlled consumerism is not
necessarily
a
bad
thing and as it can have
many
advantages globally and
nationally
.