Question

In: Economics

What defines a “rat race”? What makes consumption into a “rat race”?

What defines a “rat race”? What makes consumption into a “rat race”?

Solutions

Expert Solution

Rat race in simple terms is a never-ending race with self for earning more and more reward as cheese but never stop and continue looking for it.

This term generally tells that a person continues struggles whole is life without thinking about rest or relaxation for the enjoyment.

It is only a negative term and very common in the business world also.

Here consumption and Rat race can be linked that people continue to earn and earn for their whole life and still not satisfied with their earnings.

They consume more and more but still want to have more in their life and which will never in their hunger and end up with the dissatisfaction and not relaxation in life.

As in today business world, many business companies by forgetting moral-ethical values just follow their hunger and continuous trying to consume and produce more and more without thinking of environment or negative impact on the societies and ends up with Rat race.


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