More and more people want to own items, such as cars, clothing and other things, that are made by famous brands. What are the reasons for this? Do you think it is a positive or negative development?

An increasing number of individuals are wanting to own items,
such
as cars, clothing and other stuff, that are made by popular brands. The main reason for
this
phenomenon is that people wish to show off their products to get respect and
this
is a negative development as it leads to wastage of
money
. The primary reason for buying branded clothes is that people want to show their expensive items to the world. They do
this
to get respect in society as many of them believe that materialistic possessions are more important in life and help to gain recognition in their surroundings.
For instance
, a survey conducted at Delhi University revealed that individuals were more attracted to people who wore branded clothes in comparison to those who dressed in good clothes, but were non-branded.
This
is a negative development as
this
trend leads to a waste of
money
.
That is
to say that individuals spend their
money
on costly items, which may be unnecessary to them. Due to
this
, they fall short of
money
and cannot buy essential items
such
as books and household items. They have to compromise on things that are essential to branded items.
For instance
, an article written in The Times of India mentioned that many of the college-going students do not have enough
money
to purchase reference books, which would be useful for their academics as they spend
money
on unnecessary stuff. To conclude, more and more individuals are buying branded items as they want to show the world that they can afford to buy these to gain respect and
this
is a negative development as it causes wastage of
money
.

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