Nowadays there is a trend, people love to do shopping at regular intervals. As a result, people in few nations prefer to purchase second-hand items compare to brand new items. There is a reason behind this and I think it may be a negative trend which will discuss in further paragraphs.
To begin with, one of the prime reasons why people tend to buy second-hand goods is because there is cost-benefit. The cost of used items is less compared to the new ones. Hence, it is in the budget of the poor class and middle-class people. By buying second-hand items they will save money which will be used for acquiring another thing. Most of the time the cost of its are 50% less compared to the new ones. As a result, one can buy more than one item within the same budget. For example, purchasing second-hand automobiles will save lots of money which will be used in buying other things.
Though buying used things have some positive aspects, there is also some negative impact of it. If more and more people buy used items then there is a dramatic fall in demand for new products which will reduce the production level at the factory and this tends to reduce employment. Secondly, the useful life of second-hand goods is less and many times problem of breakdown occurs. There is no guarantee or warranty for that, so if there is any damage happens then the full cost of repairs needs to be bare.
In conclusion, purchasing used items are an economical benefit for a certain class of people in the society but overall this trend has a negative effect on the industry which will directly affect the development of nations. If industries are not booming the growth of the nation will affect.
Nowadays there is a trend,
people
love
to
do shopping
at regular intervals.
As a result
,
people
in few nations prefer to
purchase
second-hand
items
compare to brand
new
items
. There is a reason behind this and I
think
it may be a
negative
trend which will discuss in
further
paragraphs.
To
begin
with, one of the prime reasons why
people
tend to
buy
second-hand
goods
is
because
there
is cost
-benefit. The cost of
used
items
is less compared to the
new
ones
.
Hence
, it is in the budget of the poor
class
and middle-
class
people
. By buying second-hand
items
they will save money which will be
used
for acquiring another thing. Most of the time the cost of its are 50% less compared to the
new
ones
.
As a result
, one can
buy
more than one
item
within the same budget.
For example
, purchasing second-hand automobiles will save lots of money which will be
used
in buying other things.
Though buying
used
things have
some
positive
aspects, there is
also
some
negative
impact of it. If more and more
people
buy
used
items
then there is a dramatic fall in demand for
new
products which will
reduce
the production level at the factory and this tends to
reduce
employment.
Secondly
, the useful life of second-hand
goods
is less and
many
times
problem of breakdown occurs. There is no guarantee or warranty for that,
so
if there is any damage happens then the full cost of repairs needs to be bare.
In conclusion
, purchasing
used
items
are an economical benefit for a certain
class
of
people
in the society
but
overall
this trend has a
negative
effect on the industry which will
directly
affect the development of nations.
If
industries are not booming the growth of the nation will affect.