In today’s modern era, purchasing famous brands of cars, clothes and other items have become increasingly popular among people all over the world. This essay will be clear about the causes . Personally, I think that disadvantages overshadow advantages.
There is a main factor that makes everyone want to own famous brands, branded items are all of high quality. They are manufactured by outstanding materials and state-of-the-art technology. Therefore, when someone has some well-known brands, it is deemed a wise purchase because these products are often highly durable.
On the other hand, this phenomenon also has some drawbacks impacting the finances of the world. Firstly, when you buy and possess some high-end products, this will bring a sense of luxury also superiority. However, these merchandise are produced with a small limited quantity. That’s why prices are always exorbitantly expensive. Hence, only affluent individuals are willing to expend generously to become exclusive. Second, a host of people desire
to own luxurious items. When a brand has some new products, everyone has a tendency to get and possess, even competing feelings. So temptation by well-known brands will lead to impulsive shopping, which means we would expend more than possibly afford. For instance, under the influence of the media and series of advent of credit cards, young Koreans “splurge” money too much. Till the end, they are in debt and struggle in personal financial management.
In conclusion, the growth of consuming famous brands comes from wealthy person, uniqueness and durability. Consequently, i believe that this tendency is disadvantageous to our families and society.