In many countries, as people are earning more these days they are also spending money in buying more and more items. Do you think it is a positive or negative development?
In some developed countries, It seems to become normal that people spend more money on goods than ever as the majority of them are wealthy enough in these days. I personally believe that it obviously has a positive impact on various aspects.
To begin with, These increasing spending cultures are most likely to contribute broaden economical aspect. People who receive excellent pay packages, compared to the past, are potentially important customers among manufacturing companies, and their frequent spending behaviors on such company’s products will directly result in the profit which can be invested to the development of the new products. In this spending and production systems, not only will the host company be beneficial, but also any other companies related to the new product, such as manufacturing factory or design, advertising firms will have the opportunities to prosper in the future.
However, I believe that this sense of the economic success of the well-spending culture is applicable to another field. If those companies mentioned above thrived as their sales rate increased, this trend would result in job creation and a high level of employment, which can be seen as a positive impact from the perspective of the country. Furthermore, such a strong economy and employment of the nation can help a country’s standing on the global stages in terms of its political influence and trading power; America is one of the well-known example of this idea.
In conclusion, it is obvious to me that the increased spending behaviors can have the significantly positive consequences in the various aspect of the nation.
Over the past few years, there has been a significant rise in the amount of money being spent by people. It can be said that, nowadays, as the people are earning more money than their predecessors, they are spending more. I strongly agree with this statement, and in this essay, I will explain my support with reasons.
One of the crucial reasons for individuals spending more money is that this habit directly benefits their country’s economy. It does that by helping businesses grow which, in turn, results in stronger economy. For instance, people buying food from a small grocery shop would allow the shop to grow as a business. In contrast, if people lowered their spending on different products, this is likely to cause a negative impact on the businesses, leading to a weaker economy.
Furthermore, masses spending more and more money is likely to result in more employment opportunities. If a tiny coffee shop, for example, becomes famous and started receiving numerous customers every day, this will force the employer to hire more people. These low class newly created jobs may benefit the illiterate population. In addition, these jobs can also be seen acquired by teenagers or students. Due to this job creation, the whole country would have more workforce which is likely to result in country’s development.
In conclusion, according to the benefits offered by increased spending on items by masses, such as strengthening the economy and more job creation, I believe that this is behaviour Is a positive which outweighs all and any negatives.