Unmasking Demand Vs Supply in Daily Life
In microeconomics language, ‘supply’ and ‘demand’ is an economic model of price determination in a market. It says that in a competitive market, the unit price for a particular good, or other traded item will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.
For a common man, this theory affects greatly day in and day out. How? Let me show you-
When you see an advertisement saying “Buy an anti- aging cream. It will make you 10 years younger!” They actually make you worry about ageing. You get down from your couch, pick up a mirror and start looking at your face as if never looked before. Isn’t it?
How do you get people to vote for your political party? You make them worry about loosing or not having basic facilities at your home. How do you get them to buy insurance? By making them worry about loosing your life.
How do you get them to have plastic surgery? By highlighting your physical flaws. How do you get them to buy a new smartphone? By making them feel left out.
They cater on your emotions. They cater on creating a demand and then bringing up a miraculous solution for it. That is how things work. Being comfortable with our messy, human selves, would not be good for business. But, if you become happy with whatever you are or whatever you have, then they won’t sustain.
If we try to have a simple yet satisfying life like we or our parents or may be grand parents used to have earlier, then we can overcome its possible implications.
Being calm is revolutionary and now a necessity for the day.