In many countries, as people are earning more these days they are also spending money in buying more and more items. Do you think it is a positive or negative development?

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The importance of spending
money
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on
items
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. Which was always debatable has now become more controversial with many
people
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are earning more salary as well as they spend funds in buying more and more things in my opinion, it has not only positive development but
also
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a few demerits of
this
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trends .
This
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essay will
further
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elaborate on my viewpoint on
this
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trend. On the one hand,there are many merits of the Earth is said but the
first
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and foremost one is that economic growth of nations.
This
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is because
money
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spends on an item by humans.
That is
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why the to cycle will run from
this
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activity.
For instance
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, if a person would earn a good salary , a person does not spend
money
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on buying things,
therefore
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,that does not circulate in the economic cycle
as a result
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economic growth would be stopped for countries. Apart from
this
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is another positive is that a government can earn some text from
this
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Trend.
This
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is going to government apply some tax on buying
this
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is why
people
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bought these
items
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and human are paying tax.
However
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, there are some negative of
this
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Trend. The
first
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one is that
people
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can or do not plan financial planning.
This
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is because they earn
money
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and
people
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as finding that all
money
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on
items
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what they want
that is
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why they have not enough funds for saving. For ,example
people
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total spend all salary on
items
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so they are they do not
have
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tohave
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retire
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retirement
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funds
as well as mankind
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, as well as mankind,
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does have not enough
money
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for some medical emergency. To conclude
although
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there are married to reason
also
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spending cash because it is a vital part of the economy there is some problem faced by
population
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the population
a population
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who spend all their capital on buying
items
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. we cannot ignore
this
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negative point.

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