Planned obsolescence drives consumer spending and innovation in technology, but it also raises sustainability concerns.
Planned obsolescence plays a significant role in technological development by creating a cycle of replacing products that are still functional but deemed outdated. This strategy pushes consumers to buy newer versions of products, leading to a continuous demand for upgrades and replacements.
Manufacturers employ planned obsolescence to stimulate consumer spending, maintain market competitiveness, and drive innovation in product development. This practice contributes to economic growth but also raises concerns about sustainability and environmental impact.
Furthermore, planned obsolescence influences consumer behavior, shaping perceptions of value, desirability, and the notion of keeping up with the latest trends in technology.
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