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Friday, 17 April 2020

In some countries, people are purchasing fewer new items and more secondhand good. What are the reasons for this? Is this positive or negative trend?


In some countries, people are purchasing fewer new items and more secondhand good. What are the reasons for this? Is this positive or negative trend?


SAMPLE ANSWER : It is undeniable fact that there has been tremendous increase in the purchasing power of people due to increase in wealth. In this contemporary era, it is often agreed that people opt for more of second hand items as compared to new items. Apparently, various factors breed its popularity. However, it is constructive trend.

Fundamentally, the predominant factors that trigger it can be observed. To begin with, refurbished goods plays a paramount significance in the present era, due to its cheaper availability along with the same quality of fresh product. This enables people to act profoundly and purchase used items benefiting considerably in their expenditure. Secondly, for many of the reasons, there arises need to buy a product for specific time or period. To elaborate, it has been observed that consumers buy a old car to master their driving skills, creating an exponentially rise in the consumption of secondhand goods. Thirdly, individual can reap the benefits for enjoying their dream car or bike, or any other product with the immense happiness, as the cost of buying new one may not fall in their budget due to low income, especially the middle class group of people.

Nevertheless, I find this trend constructive going to myriad reasons. Chiefly, this lead to significant contribution in the positive development of the environment. Besides, in this modern era, reuse or recycling of items act as a major factor in diminishing the detrimental effects on the level of wastage created by the society. In addition to this, rotation of items from one to another results in stimulating growth of producing more goods, due to the prolific increase in the demand. Moreover, search trend creates an atmosphere of satisfying personal needs of the consumer with the effective use of the item again. Also, it brings out the opportunities of employment for the workers expert in the field of repairs or maintenance add a prolific increase rate as consumers are now acting in a responsible way to take proper advantage of a product through repairing it, if damaged as comparison to buy a completely new item.

To recapitulate, with the development in technology there will be highly increase in the demand, showing rise in the purchase ratio. But certainly with this trend of bringing second hand good as compared to new items it will positively benefit the consumers as well as the society overall in the lesser damage to the environment.

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