Some People Believe That Nowadays We Have Too Many Choices

In today’s modern era, advancement in technology had bought everybody to a narrow world. Producers can sell their products all around the world with help of developed logistics. People are having spoilt for choice. I personally disagree that having more choice is beneficial but some people disagree with this. To commence with, having more plenty choice had destroyed the monopoly in market for some companies who were ruler in concerned sector in past years. Consumer can choose from vast variety as per the requirement and it also can satisfy the budgetary needs as well. Moreover, all the companies who are participating in concerned sector need to advertise the product, more products leads to more advertisement, which can generate more jobs and more income sources; which is beneficial for economical growth as well. On the other hand, opponents argue that having more choices of products is a disadvantage for producers because the demand of a product will not rise but it will rise but supply will rise and in which small scale businesses will not be able to survive. By providing more choice for a product every trader need to acquire a minimal stock for every product and it will acquire most of their capital, where traders may fail to payback their liability. In conclusion, although having more choice over a product saves a lot of money of consumers but it will not overshadow that it will also lead traders to invest more and provide more variety to consumers in a view to survive in market.