Why consumption is good

Why consumption is good

Why consumption is good

Food Consumption

There is an amazing capacity of consumption. I feel, we consumers are the happiest souls when we consume something of our choice. Be it a slice of pizza, driving a newly launched SUV, consuming content (print and digital both or mere a book). The bottom line is- our chosen consumption makes us happy and it is in this pursuit that the Indian economy sees a revived kind of consumerism where malls are getting back to 100% capacity, people are returning to jamming the roads and eateries have already started seeing footprints.

Do you know why we are happy when we eat food of our choice? This is because the areas in our brain that help with regulation of eating, hunger, and cues, signal dopamine to be released. This creates a sensation of good feelings, and positive reinforcement. Study says, it is part survival, and part sensory when we eat.

Now think about shopping. We already have experts who suggest us to Retail Therapies. And study claims that shopping actually causes your brain to release more Serotonin-a chemical substance that makes you feel good!

Even for that matter, giving makes us feel happy. A 2008 study by Harvard Business School professor Michael Norton and colleagues found that giving money to someone else lifted participants’ happiness more that spending it on themselves. Backing this theory, we have happiness expert Sonja Lyubomirsky, a professor of psychology at the University of California, Riverside, who dug out parallel results when she tasked people to do five acts of kindness each week for six weeks.

Talking about consumption, I would say, it is always been seen as the driving force of the economy, providing people with the incentive to expend their time and energy to obtain more and better things.

Consumption not only provides happiness to those who consume but arguably also has other favorable consequences, by giving people the incentive to work, trade and innovate for a better life, leading to higher levels of production and economic growth and by boosting aggregate demand and reducing unemployment. And after the pandemic hit, we know it well, how economic activity in markets strengthens developments. I feel consumption is a win-win for the economy and the consumers. As the quest for a better life by way of consumption makes the economy expand with growing activities simultaneously making us “consumers” happy.

Happy Reading!
Sharmila Das
Editor

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Stories of hope in pandemic

Stories of hope in pandemic

Stories of hope in pandemic

Prayers

The deadliest is again on us. It is dangerous than ever before, took lives of thousands already and showing no sign of settling soon. Where there are numerous stories floating every day on nonavailability of many healthcare facilities, medicines, oxygen and doctors; there are human stories that give us hope. Take the following example.

She was selling flowers for a living on the streets of Mumbai.

Police

Mumbai Police advised her to pack up and leave the place owing to lockdown guidelines. She resisted.

She said she would die of hunger if not allowed to sell flowers.

The cops gave her Rs. 500 and promised to provide her 500/day till the lockdown is in force. She need not sell flowers until normalcy is restored.

Even when people will argue with the source of money that the department will manage to pay the old lady, this is a story of humanity and compassion.

Communities like United Sikhs, a Sikh relief organisation has cremated unclaimed bodies 322 times, to be precise.

There is another story of hope where a couple named Rasik Mehta and Kalpana Mehta from Gujarat had a fixed deposit for the future of their son, whom they unfortunately lost to Covid last year. Now they broke the FD of Rs 15 lakh, to help lives of other Covid patients. They have also given their car to be used as an ambulance. Moreover, they provide food to people in quarantine.

In line there are conglomerates who are helping and have contributed immensely in making the lives easier for their employees in the form of providing with Covid health insurance, paid leaves, special helpline to get blood or plasma, free teleconsultations etc.

Likewise, there are plenty of stories that tell us not to lose hope even at the tested time and keep fighting the virus and help save lives in whatever way one can.

I would here conclude in the words of Mahatma Gandhi, who said, “The simplest acts of kindness are by far more powerful than a thousand heads bowing in prayer.”

Happy Reading!
Sharmila Das
Editor

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