Battling the Economy

It is almost a common knowledge to every consumer and concern citizen that now-a days we are prompted with so much trouble on how to cope up with high prices of basic commodities and services that each one of us need to acquire in order to sustain life and its support services.

While thinking about it,I am reminded of the
basic law of Supply and Demand.It says that when the supply is plenty and the demand is low,prices of commodities tend to go down.But, when the demand is high and the supply of commodities is low then prices thereof tend to go up.

One of the many factors that affect that basic law is population.Some countries particularly in Asia
where I came from seldom check on the continuing increase of people that makes part of the consuming public.

Likewise, production tend to be very slow in some other ways
because materials need to be secured most of the time from foreign countries.

We tend to appreciate buying things from outer sources rather than procuring from local industries.

People has develop a habit of letting other people make for things that we want to own or buy for consumption.In America for instance, it is a common sight for every home to find things like toothbrush,slippers,pillows,bedsheets,toys for the kids that are made outside of America.

In the olden times people from my country usually aspire to buy things from the United States of America,but today as I compare the urge of people here buying for things made in China is really a surprise for me.

Maybe it is a human weakness to appreciate other peoples things rather than patronizing our own produce.In a way maybe its good for the sake of globalization.

World trade.But in the long run,it tends to derail the economy of the weak countries.Thus, contribute to that country's economic imbalance.

A good example of this is what is happening today. A slight weakness in the Wall street trading makes the whole world financially uncertain.

That means countries around the globe will never stand when American economy is in trouble.Countries should start to rethink and re focus on developing on its own resources to withstand the rage of economic collapse.