Recently I added a video in my Orkut video list--It says value of Rs 500...what u might spend on ur haircut might be a tuition fee for someone..so think before u spend...
Well i dont well agree wid "think before u spend"...is tht wht is expected out of everyone...
dont you think this might turn our economics upside down..Spending is the largest part of aggregate demand or effective demand according to economics..at the macro economics level.
The reason been, when u buy something, you spend,when you spend your money flows into the market,and until and unless your money would not flow your country's money cycle would stagnate...Demand equals Supply..so if we would not spend then how would the demand be created..
What the video tried to potray is very touching and it actually tries to show how the value of Rs 500 varies from person to person..Its hard to digest the differences in wanting to spend that 500 note. But in the end what matters is what you do wid it..instead of thinking before spending..lets say, think before where you are spending... This does not end here..you have to think about it on a broader level. What is a luxury for you might be a necessity for the other..Here comes the difference in between Need,Want and Demand.
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