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THE

MATERIAL/ECON
OMIC SELF
QUESTIONS TO PONDER
o Can we evaluate a person
based on his or her
personal belongings?
o Why do people tend to
buy things that they do
not need?
o Do material belongings
have impact on oneself?
o What might be the
implication/s to the
world’s economy if
people will only buy
things that he or she only
needs?
Perhaps you’ve heard the statement, “You are what
you eat.” The material self goes a step further by
suggesting, “You are what you have.”
• The most important factor is determining whether these items and
services fall under:
• Wants. Synonymous with luxuries. People buy them for reasons that do not
warrant necessity.
• Needs. These are important for survival. Food, clothing, and shelter are basic
needs so people purchase them out of necessity.
• In the process of acquiring material goods, people generally consider
2 things:
• Utility. Concerned with how things serve a practical purpose.
• Significance. Concerned with the meaning assigned to the object. It is also
concerned with how objects become powerful symbols or icons of habit and
ritual which can be quite separate from their primary function. It is also
concerned with how objects become powerful symbols or icons of habit and
ritual which can be quite separate from their primary function. Significance,
in contrast to utility, has more to do with expression and meaning. However,
meanings are often culturally determined. For some, even the smallest
utilitarian objects are capable of embodying values.

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