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Scarcity of resourcesIt should be said that scarcity of natural resources is a tremendous issue globally. David Begg (2013) claims that :”When something is so abundantly available that we get all we want, we do not waste time worrying about what, how and for whom it should be produced”. Consumers’ wants and needs are unlimited but resources are finite, which means that they can run out in the close future, e. g oil. Inflation Inflation is another drawback, which should be considered. It is defined as a general increase in prices and fall in the purchasing value of money. [5] It means that demand is growing faster than producers can supply goods and therefore prices are known to be higher during this period. Health issues
In order to demonstrate health issues of consuming dangerous products, Perrier case will be applied. Rome Tempest (2015) claims that :"After small amounts of benzene contamination were detected in bottles of Perrier water in Canada, the Netherlands and Denmark, as well as in the United States, Perrier executives announced a total recall of their product from the 120 countries where it is sold. Although it was only a small amount of poisonous chemical in the water, this case clearly demonstrates how harmful and dangerous consumption of certain products could be for consumers as well as shows breaking of rules in production.
Pollution Pollution is the introduction of contaminants into the environment that cause harm or discomfort to humans or other living organisms, or that damage the environment.[8] According to James Scott Holladay, pollution is caused by consumption and production as it creates a large amount of emission. Irina Grey in her turn claims that:” the more we produce, the more we consume and the more of us living on this planet - the more damage we cause to the surrounding environment, as simple as that. It means that consumers can be considered from the negative point as their unlimited demand may create environmental problems, such as air, water and soil pollution. Please, see appendix 4.
Appendices: · Appendix 1: Employees of Apple Company · Appendix 2: Demand-pull inflation diagram · Appendix 3: Health issues: child obesity diagram · Appendix 4: Pollution Bibliography: · InvestorWords Dictionary (2015) [Online] Available at: http://www.investorwords.com/1055/consumer.html (Accessed: 15 November 2015)
Date: 2015-12-11; view: 1227
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