Question

Write a paragraph providing an example of how competition affects your spending choices.

Answer 1

Answer:

Competition affects our spending by encouraging us to have to have better possessions than those of our peers. For example if your next door neighbor has a couch that cost $ 300 then competition can drive you to feel the need to have a couch for $ 350. But if you do not break the cycle of wanting better possessions than your peers then you will most likely begin to drown in debt due to excessive spending on your part

Explanation: