Thursday, September 10, 2020

Think a little bit before your Consumption

In terms of Economics, We know the source of resources and resources are limited but the human need is unlimited to make the equilibrium point between source and demand is complex. Human always willing to capture and enjoy or consume all things which available in the world but his limitation does not support him to consume and rejoice that's why he or she has to get maximum satisfaction and meet up his/her demand as per minimum utilization of resources. 

But sometimes it is too complex to make a decision by analyzing his/her priority need based on resource availability and allocation.  During a difficult situation, we should identify our first priority based on emergency then set one by one our need identification and write down a note so that we can be able to maximize our consumption by utilizing minimum limited resources. 

The first priority set up considering human basic needs such as food, shelter, clothes, medical, and education and go to the next to meet our additional requirement to full fill our demand.  We know during the epidemic of COVID-19; all of us almost fall into the deep down situation financially, economically, and physically. Most of the humans lost their jobs, most of the manufacturing companies are shut down, a large number of export-import exchange trading almost stuck up. We can see all over the countries in the world are impacted adversely due to this pandemic coronavirus. That's why it's too important for all before going to expenses to buy anything to be alert. Please think and calculate before purchasing and consuming any product, its necessity, requirements,  resources availability, financial impact after consumption. 

Try to reduce your unwanted and unnecessary requirements.  By nature of human beings, we are always ready to expense our last penny to consume to take different tastes and interests without emergency. Please find out these types of requirements and list these to keep beside your to record in your note. 

Try to save some penny and money for the near future to reduce your unnecessary consumption and try to properly utilization your fund, resource, and energy to get maximum satisfaction with minimum expenditure. Make yourself an efficient consumer with an effective consumption rate with ensuring maximum marginal utility by utilizing your limited resources. Remember your today's savings help you and support you in a dangerous situation for you and your beloved family. 

Stay safe everywhere by ensuring your physical safety. try to reduce your outdoor movement without any necessary activities, use a mask and hand sanitizer to protect yourself, your family, and others. 


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