Some people perceive shopping as a form of self-indulgence, while others think that people should only buy things they need. Discuss both views and give your opinion.

According to

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the prompt, people have contentious views on the case of shopping, some think

this

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is a form of self-indulgence,

while

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others try to buy only the absolute necessities. In my opinion, the latter is mostly a positive development for two reasons.

However

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, there is one drawback that will be discussed. First of all, thoroughly managing economic resources to buy glossaries is a good sign because

instead

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of buying a large chunk of unnecessary things, we are now considering only those which we need the most,

thus

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saving a lot of money. Specifically, a recent survey of the South Asian economy has found that an average Bangladeshi household can save approximately 20% of their yearly income when people lead a conserving lifestyle.

This

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is clearly a positive thing because individuals now have the option to divert their extra savings on child health care, housing, education etc.

Secondly

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, excessive buying patterns and leading a luxurious lifestyle are disadvantageous because it causes various mental health issues,

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as e.g., depression, insecurity, and inferiority complexity, which is a common phenomenon observed in recent years. Notwithstanding,

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frugality has one disadvantage: the loss of product diversity.

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, among the African countries Mozambique has the least buying power,

thus

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products in their shopping malls are all alike.

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,

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product homogeneity causes customer dissatisfaction,

hence

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less money is circulated in the market resulting in economic stagnation. In conclusion, having a preserving lifestyle is primarily a positive thing for the two reasons outlined above.

Nevertheless

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, it is not a perfect viewpoint and the loss of product diversity has long-term consequences.