These days wealthy in the society often throw away perfectly good products in order to replace them with more up-to-date models. Do the enviromental disadvantages outweigh the economic advantages ?

With the rise in technological advancement, things are upgraded at a very fast pace. Nowadays, products that are working fine are being replaced with their advanced version by rich customers. I certainly believe that environmental disadvantages outweigh economic advantages supported by compelling reasons.

Moreover

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, Major environmental drawbacks are that not only the carbon footprint increase but

also

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the natural resources decrease.

On the other hand

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, there are certain economic advantages of

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trend as well. The benefits of

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activity are both stimulations in economic activity and innovations in technological progress. One of the major drawbacks is that carbon emissions will increase.

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the rise in consumer demand,

subsequently

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, there is an exponential increase in production.

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, we see a surge in industrial emissions. These emissions will deteriorate the environment.

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, increased demand for new vehicles in Dubai has caused companies to double their production. Another demerit of

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behaviour

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is that it causes natural resources to deplete significantly.

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, the State of Pakistan which has an

an

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abundant supply of natural gas has now facing gas shortages. Despite the fact

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behaviour

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deteriorates the environment it provides some opportunities for economic development.

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, there are some economic merits of

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behaviour

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. One of the main economic benefits is that it causes boosts in economic activity. More employment opportunities have been created.

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, Car manufacturing company Tesla claims to have tripled the number of employees in the

last

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decade. Another advantage is that it forces companies to invest in research and development. So they come with more technologically advanced solutions. In conclusion, despite the fact buying

behaviour

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of the wealthy have few significant benefits related to the economy, still its Consequences for to deterioration of the environment should not go unchecked. I certainly consider these