Brand-name's Help Economy

In today’s society it is all about the brand name clothing and other items. Many people would rather be able to say that they are wearing “Nike” versus an athletic brand from Wal-Mart. But little do people know, it’s not the actual product that you are paying for, it is the brand name or logo that the item has. Brand-name items do have an effect on our economy. If consumers are buying brand-name items rather than the generic brand then they are going to spend more money which is more money that is out back into our economy. This is why consumers need to check reviews to see if it is worth it to buy the brand name. Best buy checked a review on their televisions, it was shown that Samsung televisions scored a 94% and Dynex televisions scored a 90%. Consumers would most likely spend more money on the Samsung because of the higher review and because it is a well-known name. However, it would be more realistic to by the Dynex.  Although consumers would be spending less which is less money for the economy, they would be saving more money for themselves.

http://indiatrademarks.blogspot.com/2011/11/advantage-of-conducting-trademark.html

http://moneyning.com/money-beliefs/how-does-brand-name-affect-you/

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