▶ Your Answer : In several decades, many nation's income have increased with economic growth. However, at the same time, people started to spend more money than ever before. Some insist that excessive consuming behaviors may cause the economic crisis. Nevertheless, in my opinion, this method of consume make more positive than negative consequence.
On the other hand, some experts are concerned about extended consume habit becuase it will be a problem not only individually but also nationally. For example, people tend to use credit cards to buy goods, though, credit card let people spend a lof of money more they can afford, it can lead people fall in debt that can not escape at all. As a result, many consumers are barkrupt and it lead massive broken of the national economy. This is one of the disadvantage of increased consuming.
Nevertheless, increasing consume also has a benefical for consumer and economic growth. This is because the economy is based on earning and consuming. For instance, when people buy something, the money paid it for flows into company and is distributed the people consequently. This means that economicial scale grows with spending money. In this regard, it can be said that increased consuming has a positive consequence because it make the economic grow bigger.
To sum up, it is sure that increasing consumption has negative aspect, such as consuing economical debt. Otherwise, in the view of economical growth, this concept has a positive aspect flowing the money between consumer and company. So, i think that comsuming is essential activities for active the national economy. |