Lessons on economy in our everyday lives

Economy is not only for economists but it is a subject that everyone, from the school kid to the housewife, has to learn and practice. Economy is what drives the world and, at the ground level, our lives. We have to cut the coat according to the cloth.
Economy has many faces. To the general public, economy means buying the comparatively cheaper and better quality of product. When in the vegetable market, we glance through the products on display, zero in on what we want and check out the going rates. Those who carry out this activity regularly can gauge the quality of the item just by looking at it. Nowadays, fake items have flooded the markets. Different types of colors are used on the vegetables, fruits and even fish to impart a fresh look to the items.

Therefore, economy would not mean buying that which is the cheapest but, quality must also be woven into the specification. That is why many of the works carried out by the government does not live up to the mark – the tar on the roads do not stay intact for long because attention was given to lowest cost ignoring the aspect of quality.
As far as the housewife is concerned, she is, undoubtedly, the best manager and economist who knows the best inventory management. It is she who has to ensure that both ends of the canvas meet where desired and leaves nothing to chance.
She gets the money to run the household and has to plan on how best to utilize her resources – what she needs to buy immediately and, what she can postpone. She may be tempted to order her groceries online or rung up her grocer and ask him to send across her requirements – but, she would not get a chance to see what she is buying till it is delivered at her doorstep. And, many housewives do not like that.
Moreover, she has to also plan for future known arising like birthday of a friend’s or neighbor’s or relative’s son or daughter and, it is her method of handling the finances to meet all needs that make for a happy family.
Of course, the man of the house has his responsibilities – he brings in the money and his wife ensures that the machine of the family is always kept well-oiled and functions smoothly. (to be continued …)

(Image courtesy wikimedacommons.org)
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