In modern era, individuals live in the community where consumers are getting products at a lower price, which has become highly controversial. Personally, I believe the merits of this concept surpass its demerits. This essay will explain my opinion with relevant examples.
Generally speaking, there are two prime reasons why people believe that consuming goods at a cheaper price to buy has many pros. Perhaps, the first advantage of this idea is that everyone easily buys foods for themselves. A good illustration is that a considerable number of people stay hungry every day around the world. Because they cannot buy food due to high prices. If people get food at a lower price, it will be a blessing for them.
Another reason why people believe that consumer products at a cheaper price would be advantageous for society is because people can save some money for their future. For instance, people earn a big amount of salary every month from their workplace. If they fulfill their basic needs on a modest budget, they can save money every month. After a certain period, they can use it for business purposes or any unpredictable situation, such as medical treatment or disease purposes.
On the other hand, some people think that it has one drawback. Perhaps, the main demerit of this concept is that farmers do not get sufficient wages for their work. To illustrate, farmers work hard at the field for growing agricultural products. However, they do not get the actual price of their produced food. Because people want to buy at a low price like other products. So, they are losing their interest in the agricultural sector. Therefore, it will impact the countries’ economy.
In conclusion, although consumers easily buy foods at a lower price, it has a demerit. But, I believe that it has many advantages.