Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. What does it mean to have an escalation mentality? What are some of the most quoted practical reasons justifying this phenomenon [give at least

image text in transcribed
image text in transcribed
4. What does it mean to have an escalation mentality? What are some of the most quoted practical reasons justifying this phenomenon [give at least three)? In your opinion, are they valid? Can you think of any ways to brake away from these rationales? An escalation mentality is a mentality that you need to keep spending money to keep up with society. Some of the most quoted practical reasons to help justify this are, \"Technology also pushes us into an escalating consumption spree. We need to keep up to be functional\" or \"Spending is essential in our socialization process. It's unavoidable\" or \"Demands of our hectic work lives push us to consume\". In my opinion I think that all of these reasons are valid because I often find myself doing them. You can break away from these rationales by trying really hard not to spend money unnecessarily. For example, you dont really need the new iPhone every year as long as your current one can still make calls or send messages

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Company Valuation Playbook Invest With Confidence

Authors: Charles Sunnucks

1st Edition

1838470816, 978-1838470814

Students also viewed these Finance questions

Question

1. Describe the Good Lives Model of offender rehabilitation

Answered: 1 week ago