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

.