cheaper consumer goods

These days, buyers have a wider range of choices for more affordable commodities. Although some benefits can be seen from the phenomenon, the drawbacks are more significant.

The provision of cheaper goods presents several advantages. Regarding economical merits for individuals, customers now can enjoy inexpensive purchases of diverse types of goods, which is particularly favorable for the households with limited incomes. In comparison with the past in Vietnam, most families could not be able to buy a TV; however, TV is among the most common electronic devices in every household owing to reduced prices. On the societal level, the affordability of consumer products promotes people’s purchasing power, hence the development of the economy. It is common knowledge that the market’s demand for products increases when commodities’ exorbitant prices are reduced. Therefore, people will be attracted to buying these products on a large scale, fostering the general prosperity of a country’s economy.

However, those advantages above still cannot overshadow the disadvantages. First, the quality of commodities might be only secondary when profit is primary for businesses because goods’ prices are inexpensive and the quantity needed is enormous. In the long term, without quality products, customers will gradually lose their trust in those products’ manufacturers, which directly jeopardizes the economy. Another repercussion worth mentioning is that the environment may suffer. In order to meet the increased demand from buyers, companies have to expand their factories and accelerate their production process. Such expansion would do grave harm to the surrounding due to their toxic waste and exhaust.

In conclusion, the benefits of cheapening modern goods should not be overrated as the disadvantages are greater.

Word count: 271