▶ Your Answer : In several decades, many nation's imcome have increased with economic growth. However, at the same time, people spend more money than 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 consequences.
On the other hand, some experts are concerned about extended consume habit because it will be a problem not only indivivually but also nationally. For example, people tend to use credit cards to buy goods. Though, credit card let people spend a lot 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 bankrupt and it lead massive broken of the national economy. It seems that one of the disadvantages of increased consuming.
Nevertheless, increasing consume also has a beneficial for consumer and economic growth. This is because the economy is based on earning and consuming. For instance, when people but something, the money paid it for flows into economy and is distributed the people as a result. This means that economical sale grows with spending money. In this regard, it can ne 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 effects, such as causing economical debt. Otherwise, in the view of economical growth, this is beneficial for consumer and nations. So, I eventually consider that increasing consume can bring a positive effects. |