More and more people want to own items by famous brands. What are the reasons for this? Is it a negative or positive impact?

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In the modern era of globalization, shopping trends change from day to day. It has recently been noticed that
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there is an increasing craze among people to buy luxury goods.
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essay will analyse the major causes behind
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trending movement and provide a logical conclusion.
Firstly
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, a large number of people today, try and copy the celebrities to gain fame. At, these stars generally arrive at events or promotions in luxury cars, wearing branded outfits, the similar movement is followed by the youth of the society. These followers, acquire high end clothing in the hopes of achieving popularity just like the actors.
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, a person wearing a Gucci shirt, that aligns with an entertainer's dress will receive a lot of attention from people.
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, the world today judges an individual on the basis of a social status. Provided that, exclusive goods, helps one get high regard in the community. An example of
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would be a comparison between someone arriving in a BMW and the other person arriving in a small car.
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,
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inclination of owning expensive items, has several negative impacts on people's lives. Numerous individuals have developed a tendency of spending 75% of their paycheques, on
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good,
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, spending huge amounts over their credit limits. Not only, does
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, create a financial burden in the long run, but
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, adversely affects people's minds.
Furthermore
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,
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trend creates social dissatisfaction between the rich and underprivileged classes of the nation, which in turn results in riots. The riots that took place in 2015 in India are an illustration of
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scenario. To conclude, a number of reasons have contributed to the surge of
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orientation, by purchasing luxury gears. But, one should evaluate one's condition, before overspending on these things, to avoid the negative outcomes.
Submitted by vishwashah6116 on

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Topic Vocabulary:
  • prestigious
  • luxury
  • prevalent
  • trendsetter
  • aspiration
  • exclusivity
  • craftsmanship
  • sustainable
  • conspicuous consumption
  • status symbol
  • brand loyalty
  • consumerism
  • advertising
  • marketing
  • economic growth
  • wealth disparity
  • materialistic
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