In today’s modern world, consumerism is prevalent in any society. While some argue it is the drive behind a country’s economic growth, others are concerned that it has negative ramifications. In my opinion, there are both benefits and drawbacks of consumerism.
On one hand, there are people who claim that consumerism boosts a country’s spending as a whole. If consumers are in a spending frenzy, then in a free market they will drive up the demand for products and services, which further pushes up the supply of them. In addition, increased spending attracts competition between businesses, who that compete for the consumers’ patronage by either lowering the price or offering premium products and services. As such, consumers will take advantage of this and keep spending, which in turn forms a positive cycle in which the country’s economic growth is stimulated.
On the other hand, some people argue that the role of advertising in consumerism will is likely to cause harm to young children. It is thought that young children are susceptible to the mass media’s influences, particularly advertising. As they have not yet developed rational judgement, they will be likely to believe everything they see. For example, they might want fast food from McDonald’s in place of alternative healthy snacks, just because an enticing advertisement of McDonald’s on TV has captured their attention. This undoubtedly will lead to the younger generations not being able to think for themselves and also undesirable health problems such as diabetes.
In my opinion, I believe there are both positive and negative aspects of consumerism. However, young children should be protected from the adverse consequences that advertising might lead to
In
today
’s modern world, consumerism is prevalent in any society. While
some
argue it is the drive behind a country’s economic growth, others
are concerned
that it has
negative
ramifications. In my opinion, there are both benefits and drawbacks of consumerism.
On one hand, there are
people
who claim that consumerism boosts a country’s
spending
as a whole. If consumers are in a
spending
frenzy, then in a free market they will drive up the demand for products and services, which
further
pushes up the supply of them.
In addition
, increased
spending
attracts competition between businesses, who that compete for the consumers’ patronage by either lowering the price or offering premium products and services. As such, consumers will take advantage of this and
keep
spending
, which in turn forms a
positive
cycle in which the country’s economic growth
is stimulated
.
On the other hand
,
some
people
argue that the role of advertising in consumerism will is likely to cause harm to young children. It is
thought
that young children are susceptible to the mass media’s influences,
particularly
advertising. As they have not
yet
developed rational judgement, they will be likely to believe everything they
see
.
For example
, they might want
fast
food from McDonald’s in place of alternative healthy snacks,
just
because
an enticing
advertisement of
McDonald’s on TV has captured their attention. This
undoubtedly
will lead to the younger generations not being able to
think
for themselves and
also
undesirable health problems such as diabetes.
In my opinion, I believe there are both
positive
and
negative
aspects of consumerism.
However
, young children should
be protected
from the adverse consequences that advertising might lead to