What would social value of this and is it economic waste

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One characteristic of products that consumers used to value was that products were made to last. Now with technology products like cell phones, video games and tv's and there is an up comeing new version of the product to come out soon. Many consumers will buy the newest version even though they have a product that meets what they need and all their needs. What would be the social value of this, and is it economic waste?

Reference no: EM131125657

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What would social value of this and is it economic waste : One characteristic of products that consumers used to value was that products were made to last. Now with technology products like cell phones, video games and tv's and there is an up comeing new version of the product to come out soon. Many consumer..

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