ECON 2337 - Money, Finance, and the Modern Consumer Essay

ECON 2337 - Money, Finance, and the Modern Consumer - Essay Example at can only be satisfied through products and service of consumers are safety needs, physiological and biological needs, and esteem needs (Schor, 13). On the other hand, the needs that can only be satisfied though the products and services of non-consumers are love needs and belongingness, and self-actualization Conspicuous consumption is a type of consumption where consumers buy expensive commodities to display income and wealth rather than covering their real needs. Such consumers use such behaviors in maintaining or gaining a higher social status. In modern America, there is emerging conspicuous compassion, where Americans have publicly donated great amounts of money to charity organization so that their social prestige can rise. In the Maslow’s hierarchy of needs, conspicuous consumption fits in the esteem need status where it is characterized by status, reputation, responsibility, and achievement. What people acquire and later own is bound to the personal identity. Most people compare their possessions and lifestyle to a selected group that they most respect and like. This is what we call the competitive acquisition. Due to the evolution of 20th century, the focus groups are not their neighbors but rather those people that earn 3 to 5 times their income. This phenomenon has led to the national culture of new consumerism (Schor, 63). The new family groups entail the television families, models, and celebrities. In new consumerism, it is now built on the standard’s relentless ratcheting. The society has now grown on what they need. Today, there is a downshifting trend where the people dropping from the society, living ideologically and communally motivated. They now exist in the midst of American mainstream. However, those people swim against the current progress of the economy. The principles behind the shift include the control desire, voluntary restraints, and commerc ializing the rituals. The social media has had a hand in the competitive acquisition.

Motivation Paper Self assessment Essay Example | Topics and Well Written Essays - 1000 words

Motivation Paper Self assessment - Essay Example This is correlated to the varying scores that individuals attain in self assessment tests. In this case, it is justified to argue that, the variances in the self assessment tests attribute to the fact that, individuals are different in terms of motivation levels. From the online test, I attained a high score in the dominant needs; average score on the secondary needs, and for the minor needs, the score was lowest. This notion is an interpretation of the fact that, I possess a philosophical mind, my being motivated would only emanate from within, as I am constantly out to foresee what might come out as a result of reactions of peoples’ deeds, especially resultant actions. In the case of an organization, the manager may need to assess my personal ability in an attempt to ensure that I fit in the organization. Since my strength emanates from within, the aspects of self actualization in the Maslow’s hierarchy of needs would be beneficial. This aspect allows individuals have a fertile ground where they would achieve their goals and objectives despite the occurrences in the environment. From the test, a person of ability to think through the minds of others is only fair that the other aspects of the hierarchy of needs are satisfied so as they can self actualize. On another angle, theory Y can be applied in my case. This aspect conforms to the fact that, individuals are free to work on their own accord, with minimal supervision. The test attests to my ability to read the minds of persons as well as grasp concepts in an easier manner. I have also been indicated to work easily in the company of others and have emotional intelligence that allows me understand what individuals may result to in various circumstances. In this case, the manager needs not bother instilling the feelings that I need to work, since my motivation levels emanate from within. In an attempt to motivate me, the manager may consider incorporating me in the