Nowadays, the market of luxury goods is experiencing a growth all over the world. Some people are of the opinion that this issue has a positive bearing on the economy, while others opine that governments should stop the pricing on products above a certain level. Although I agree with the former statement, both arguments will be discussed in this essay in order to reach a conclusion.
Some people claim that luxurious commodities have illusory prices. There are some arguments concerning this issue. To begin with, they believe that spending money for purchasing these products is a waste of money and results in an uneven development in terms of representing people’s positions in societies. A regional disparity in fact breeds negative influences such as increasing corruption in societies. These expensive luxurious goods furthermore lead to increase the price of other similar products that are produced by unknown companies. To clarify, the decision of buying a luxurious commodity is based on prestige and uniqueness, not on technical and functional factors and it means that other producing firms will take an action to boost the prices of their products from reaching a fake prestige in the market.
On the other hand, it seems to me that luxurious products have a positive effect on the economy. It primarily encourages people to make hard efforts to acquire more revenue for obtaining these types of products. Indeed, it is beneficial for getting their own sense of self-worth. It moreover helps some businesses which only sell this kind of goods. The Rolex as a watch producer is, for instance based on luxurious watches, which has created jobs for myriads of people around the world.
In conclusion, although in some circumstances, the extravagantly unique goods affect on an uneven wealth distribution, nevertheless, to my way of thinking, it helps a society for having a dynamic economy.
Nowadays, the market of luxury
goods
is experiencing a growth all over the world.
Some
people
are of the opinion that this issue has a
positive
bearing on the economy, while others opine that
governments
should
stop
the pricing on
products
above a certain level. Although I
agree
with the former statement, both arguments will
be discussed
in this essay in order to reach a conclusion.
Some
people
claim that
luxurious
commodities have illusory prices. There are
some
arguments concerning this issue. To
begin
with, they believe that spending money for purchasing these
products
is a waste of money and results in an uneven development in terms of representing
people’s
positions in societies. A regional disparity in fact breeds
negative
influences such as increasing corruption in societies. These expensive
luxurious
goods
furthermore
lead to increase the price of
other
similar
products
that
are produced
by unknown
companies
. To clarify, the decision of buying a
luxurious
commodity
is based
on prestige and uniqueness, not on technical and functional factors and it means that
other
producing firms will take an action to boost the prices of their
products
from reaching a fake prestige in the market.
On the
other
hand, it seems to me that
luxurious
products
have a
positive
effect on the economy. It
primarily
encourages
people
to
make
hard
efforts to acquire more revenue for obtaining these types of
products
.
Indeed
, it is beneficial for getting their
own
sense of self-worth. It
moreover
helps
some
businesses which
only
sell this kind of
goods
. The Rolex as a
watch
producer is,
for instance
based on
luxurious
watches
, which has created jobs for myriads of
people
around the world.
In conclusion
, although in
some
circumstances, the
extravagantly
unique
goods
affect
on an uneven wealth distribution,
nevertheless
, to my way of thinking, it
helps
a society for having a dynamic economy.