.jpg)
.
If opportunities had a gift to offer. Who would they gladly give it to. ? Person who cultivates open-mindedness; sees kindness when others perceive sadness; believes there is positive change in the imminent change, prepared for a new and better way forward. In Economics, a total product curve, first increases: marginally adding more output; the marginal increase, is more than the former. After a while, the marginal increases start decreasing until they stop adding to the new output. From diminishing returns, it decreases increasingly until it becomes zero and negative. L Individual economies can also follow the same path. Some measures can stabilise individual lives even when macroeconomic policies become unfavourable. For example, when the Consumer Price Index is rising, the Cost of living is also rising. Value of money is falling etc. THIS MEANS SAFEGUARDING SUSTENANCE. What is sustenance? Sustenance means the source of material to nourish the body. Finance is the means whereby one lives. The amount that sustains life for food or provides subsistence. Sustenance involves labour as a factor of productioe ,and sometimes under fimancial pressuree. Land and capital are often elastic, and fluctuations in time doesn't easily leave them worse off economically. The majority of labour force demand, is inelastic because their income does not adjust, positively in a falling economy. The Features Of Sustenance. 1. (a) Value Added. How do we replace the value lost through a fall in purchasing power? From experience, there is a problem- solving energy released during an economic crunch. It begins by seeing diversity in the prevailing circumstance as an opportunity to make a better life. That's the story of the 1930's economic depression. People took advantage of it. How? They found how to work best, what works. It is about Value Added. Many of us are like plants that perform below full capacity, thereby adding such unused cost as overhead increase, per unit product. We can reduce this type of cost by proper scarce resources management. (b). Physical and Human Capital. Human capital describes, skill, knowledge, and capabilities associated with human potential. Physical capital consists of inanimate assets such as cash, job site, equipment, property and inventory. Physical capital can be traded directly in the market while human capital earns income through the service provided. Sustenance is a chance to evaluate if the current income source can be improved. For example, it pays to sponsor a child's education now, rather than to defer it, due to the current investment's high internal rate of return. Education investment could open the gate of generational wealth. Sustenance teaches us the transfer of knowledge now, is a crucial stability financial tool. Such knowledge in craft and technical skill to the young and growing, prepares and enhances them for a better future. Let's help the wider humanity. My father was compiling stories while I was growing up. Mama used her hand-sowing machine to sew and repair our clothes. Today, I have taken it to a new level.
2). Sustenance could be a channel for people with a purpose connection. Sustenance teaches that there could be more to gain from your immediate environment before any other financial and investment transaction outside commences. Apart from personal or individual Investment allocation, the same could be done, across people. Sustenance is a chance to shift our thinking rather than sinking: Build New Net Work, engage with people and build strong team relationships Thus should depend upon a clear understanding of how successful business operates. There is a greater need now than before, especially in developing economies where there is a shortage of capital ,to form joint economic ventures.
3). Sharing Of Knowledge. Perhaps, more emphasis will drive the point home. Sustenance has lessons for us to learn: To find new and more relevant means to satisfy our customers; Our business should be more problem-solving customer centered; Better value delivery system. Since life and business are intertwined, it's time to ignite more passion by setting goals in which more members are involved in a project operation to illustrate their importance. It is time to assess, discover and implement what is needed to bring back ailing economies to sound health. In the process of evolving into that event, let us understand what it requires, including matching knowledge with new skills and product differentiation etc.
