People in the community can buy cheaper products nowadays. Do advantages outweigh disadvantages?
It is true that nowadays people can own products with a more economical price. Although there are pros and cons for this tendency, I strongly believe that the drawbacks are more significant than the benefits.
It can’t be denied that the reduction in commodities price can benefit both society and the economy. In terms of social aspect, consumers can afford a higher living standard in their life. Expensive goods like car, refrigerator or television now become much more affordable that even low-income people can purchase to support their lives. Otherwise, cheap products may also enhance the consumption and, therefore, boost the economy. Due to higher revenue, businesses can expand their production and provide more jobs for people, which also reduce the unemployment rate.
On the other hand, the benefits still cannot overshadow the drawbacks. At the first place, it is likely that low price accompanies with poor quality. In order to cut down the cost, companies may choose to diminish their product quality to compensate the decreasing profit. Moreover, businesses may ignore adverse impacts on the environment to reduce production costs. Take the case of Vedan in Vietnam as an example. This corporation ignored the waste treatment process and polluted many parts of Thi Vai River by releasing industrial waste into the water. After many years, this river is still in serious contamination despite the government’s saving efforts.
In conclusion, despite some obvious benefits, I still argue that the advantages of cheaper goods cannot compensate for the detrimental impacts of this tendency.
From: Ms Hồng, giáo viên tại trung tâm luyện thi ielts Egroup (7.5 ielts)
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