With the rise in technological advancement, things are upgraded at a very fast pace. Nowadays, products that are working fine are being replaced with their advanced version by rich customers. I certainly believe that environmental disadvantages outweigh economic advantages supported by compelling reasons. Moreover, Major environmental drawbacks are that not only the carbon footprint increase but also the natural resources decrease. On the other hand, there are certain economic advantages of this trend as well. The benefits of this activity are both stimulations in economic activity and innovations in technological progress.