People now tend to consume luxury products such as clothes, jewelry or cars from well-known brands. There are several reasons for this phenomenon. In my point of view, this is a negative development.

People buy high-end goods for a variety of reasons. Firstly, customers may choose famous brands due to their product quality that have been shown consistently in recognized brand names. Customers may have prior experiences about brands or rely on public word-of-mouth so they know or believe these brands’ quality. Secondly, people want to own luxury […]