
World of happiness not only talk about feelings, thoughts, interesting life experience but also have a practical outlook towards life. To share things with readers which may affect their life and how all can react to a particular situation after getting the knowledge.
Today I was watching a vlog on, world recession and came to know that world economies are already in recession phase. The difference is that some economies of world are growing at low rate and others at high rate. Some countries are becoming more rich others poor. This is all due to COVID. We all have seen problem in demand and supply. Raw material needed to make a product is still being affected due to low supply which makes it more dearer. Some countries import is other countries export. There wasn’t smooth functioning anywhere in the world. International flights were not allowed, every sector in the economy were affected. Salary cuts, closed small businesses, inflation, everything is affecting growth of any economy of the world. Cash flow is not smooth.
COVID has made people think differently the way they used to think before outbreak of pandemic. People spend less on weddings and functions, travel and vacations. According to that vlog we as an investor must invest globally but I don’t think so. According to me if we stick to our own economy, in simple words, if we invest in our own respective countries will boost our respective economies growth The gain will be sustainable.
I am not against global investment. I am only saying that if a Switzerland citizen don’t see any scope in European markets then only he should switch to other economies for investment. The sectors which are most affected should be given relaxation from govt. Last two years have taught all of us that ‘simple living is sustainable’. Health and education is most important aspect of life.
How inflation has affected common man
Recently read an article in newspaper stating how inflation has affected small snacks vendor will make it easy to understand. A small snack vendor due to increase in prices of raw material increase price from INR 10/- to INR 20/- and loose so many customers. The things which he used to buy earlier cost him INR 700/- now cost him INR 1000/- but when he tranfer this increased cost to his customers, he loose many customers, as a result his sales decreased.
Same is the case with big companies, they can’t trasfer their increased cost of manufacturing to customers fearing loosing customers resulting less profits. Operating cost has also increased. The mindset of a customer is, if it’s expensive he will not buy it or buy less.
Remember, stick to the basics spend on basic needs, don’t overspend, save for future, invest in your health and education. The economies which provide free healthcare and education to their citizens are the happiest economies.
Ramneet Kaur







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