When purchasing an item, you always look for the tags, right? It has become a habit for all of us to consider the price first before making a purchase. Sometimes, a buyer may not need to purchase an item if he or she doesn’t feel like buying it. However, focusing only on the price and the cheaper one can include some significant downfalls. Not only does purchasing cheaper items cost you lots of money, but it can also degrade the quality and value of the product.
Choosing quality over price is always the best maintainable option in order to help reduce waste, further develop effectiveness, and assist organizations that focus on value. You can save a lot of money if you invest in a quality product since quality products mean longer life spans.
But the question is:
Are cheaper products worth it for their price?
The answer is, it depends on the products. Since there are some new small businesses that are way cheaper than the established ones, but the quality is the same. And they only sell the product at a cheap rate in order to attract more customers.
Isn’t the production of cheap goods harmful to the environment?
The selling of cheap products does not even serve wealthy nations. The reason for that is that these products make the below-average wage sector grow since people will start accepting minimum wages along with the price drop. Think about it, society is paying the price. Low-income groups, after all, are supported by the government with welfare payments, housing subsidies, and projects which come from tax-paid money.
Consumers in wealthy countries know about the real costs, but they do not recognize the issue and do not change. Huge corporations are the ones who gain profit the most. They should be paying the workers justifyingly and protect the environment, yet they do the opposite. This act, cost avoidance, is destructive and is the symptom of a global economic system that uses profits for smaller sections of the population while making general majorities that bear the costs.
In purchasing an item, I suggest you should do a lot of research first to know what the product is made of, what kind of features it includes, or if the quality is better than the other product you just saw. Always remember to shop wisely.