Thursday, December 11, 2008

To buy what you need...

I came across this post in one of my mail forwards. It really hit me. Don't you think it is time for us to rethink our so called "buying habit"? The reason...
A man with his wife and kid, eats one egg each for breakfast. Since a dozen eggs won't last a week he normally buys two dozens at a time. One day while buying eggs he notices that the price has risen from Rs. 12 a dozen to Rs. 16 and later to Rs. 22 a dozen.
The store owner explained that the price has gone up and he have to raise his price accordingly as this store buys 100 dozen eggs a day. Small egg farms were out of business and
the huge egg farms sell 100,000 dozen eggs a day to distributors. With no competition, they can set the price as they see fit. The distributors then have to raise their prices to the grocery stores. And on and on and on.

The man thinks about it and arrived at only buying what he needed. His family ate 3 eggs a day. So on the way home from work he would buy only three eggs. He spoke to everyone in
the town and they all started buying 2 or 3 eggs a day. The grocery store owner began complaining that he had *too many eggs* in his cooler. He told the distributor that he didn't
need any eggs. The distributor had eggs piling up at his warehouse and informed the huge egg farms that he didn't have any room for eggs would not need any for at least two weeks.
To relieve the pressure, the huge egg farm told the distributor that they could buy the eggs at a lower price. The distributor refused as there were no rooms for storage.
Slowly the price of eggs started dropping.
Now, transpose this analogy to the *gasoline industry* aor anything you could relate. What if everyone only bought Rs 200.00 worth of Petrol each time they pulled to the pump? The dealer's tanks would stay half full all the time. The dealers wouldn't have room for the gas coming from the huge tanks. Don't fill up the tank of your car. You may have to stop
for gas twice a week, but the price should come down. Think about it. Also, don't buy anything else at the fuel station; don't give them any more of your hard earned money than what
you spend on gas, until the prices come down..." just think of this concept for a while...................please pass this concept around....reaching out to the masses ...the
world..... let us put an end to oil rich countries fleecing the poor and developing countries....

2 comments:

Aswin Kini said...

"Buy only things which you need", you hit the nail on the head Sir!!!!If people had done that, the world would have been a better place today!!!

Aswin Kini said...

Speculation is the fuel that drives the economy. Speculation decides the demand and it is speculation that subsides the demand. Well, people rush to buy something because the market speculates that the THING's price would increase. Automatically, the price increases. Again after sometime, people speculate that the prices might come down as Supply is exceeding demand and LO the prices come down.

Nice post Mr.Hawk!!!!