Economics teaches us that human wants are unlimited with limited resources . Well, i don't think so. Human wants are limited to the availability of a resource. To a certain extent you may say , well what about the imaginations that a person can have? Well, its only imaginations, nothing real.
Lets try to understand this with an illustration. Assume there are only three brands of cars in the economy (world) namely, Brand A, B and C, A being average quality , B being good and C being the best. Now a person who owns a car of Brand A would want a car of brand B. Once he gets the car of brand B he would want for the car of C brand. Now what happens when he has the car of brand C? He is fully satisfied and would not want for any more car as there is nothing beyond car C.
Well, this doesn't mean there can't be anything beyond car C. There won't be a car D unless someone burns some resources and makes car D. In doing so i believe he'll cause much pollution.
I want to share two important issues:
1. Humans are always kid. Its just like how a child wants everything that he/she sees in a fair. And the sellers will come to them only, to attract them and make money. Sometimes we want certain things which will never be beneficial for us. And in order to get that extra we engage in undesirable activities, anti-social works.
2. The world is going too fast, we need to slow down. In order to produce these varieties of consumer goods, so much pollution is taking place. Imagine everyone having iPhone 6s and that's it. Equality will minimise corruption and also save the pollution that would have taken place if 7s were manufactured.
"We don't want that which does not exist but only that which is available "
Lets try to understand this with an illustration. Assume there are only three brands of cars in the economy (world) namely, Brand A, B and C, A being average quality , B being good and C being the best. Now a person who owns a car of Brand A would want a car of brand B. Once he gets the car of brand B he would want for the car of C brand. Now what happens when he has the car of brand C? He is fully satisfied and would not want for any more car as there is nothing beyond car C.
Well, this doesn't mean there can't be anything beyond car C. There won't be a car D unless someone burns some resources and makes car D. In doing so i believe he'll cause much pollution.
I want to share two important issues:
1. Humans are always kid. Its just like how a child wants everything that he/she sees in a fair. And the sellers will come to them only, to attract them and make money. Sometimes we want certain things which will never be beneficial for us. And in order to get that extra we engage in undesirable activities, anti-social works.
2. The world is going too fast, we need to slow down. In order to produce these varieties of consumer goods, so much pollution is taking place. Imagine everyone having iPhone 6s and that's it. Equality will minimise corruption and also save the pollution that would have taken place if 7s were manufactured.
"We don't want that which does not exist but only that which is available "
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