In the past, shopping was a routine domestic task. Many people nowadays regard it as a hobby. To what extent do you think this is a positive trend?
In the contemporary era, shopping has been taken up by many people as an important leisure activity;
however
, in ancient times, Linking Words
this
was considered to be daily routine work. In my opinion, I strongly believe that Linking Words
this
trend has significant advantages on the global economy along with some demerits that should not be overlooked.
On the surface, one of the major drawbacks of Linking Words
this
trend is consumerism. Linking Words
This
is because people have a higher disposable income when compared to in the past. The U. S. Bureau of Economic Analysis, Linking Words
for instance
, in 2020 reported that the average household disposable income has increased by 44 per cent over a decade. Linking Words
This
has led to an increase in shopping, which is moulding a materialistic society that neglects other traditional values. Linking Words
Additionally
, overspending on various commodities forces individuals to take unsustainable debts that can lead to a financial crisis.
Linking Words
However
, there are few merits associated with Linking Words
this
trend. Linking Words
Firstly
, consumer shopping majorly contributes to the gross domestic product of several nations. Linking Words
In other words
, the production of goods and services increases when citizens spent their income on shopping, which results in the rise of GDP. Linking Words
Consequently
, governments will earn more money in taxes, thereby distributing these funds to develop various amenities Linking Words
such
as education, health and transportation. Linking Words
For example
, an article published in The Economic Times indicated that the U. S. government invests more in public infrastructure when the economy is booming. Linking Words
Secondly
, shopping is considered by many as a getaway from their monotonous work life and to spend more time with family; thereby, improving family relations.
In conclusion, I would like to reiterate that, Linking Words
although
shopping as a hobby can have invite financial catastrophe, Linking Words
this
drift can improve a country’s GDP and family relationships.Linking Words
Submitted by jerinjohn17 on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.