Introduction
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.Linking Words
Body paragraph 1
On the surface, one of the major drawbacks of
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
Body paragraph 2
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.Linking Words
Conclusion
In conclusion, I would like to reiterate that,
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