To Love Economically

Economics is known as the Queen of all Social Sciences.

Economics is the study of how people or the societies utilize scarce resources to produce valuable commodities and distribute them among different people according to their effort. – Samuelson

But have you ever wondered that this course also covers another field of specialization known as Love?

Below are some of the terms normally used in this science:

1. SCARCITY is the most important consideration in this study.
>>PRIMARY QUESTION: Isn’t my love enough?

2. OPPORTUNITY COST is the value of the next best foregone alternative. This means that you have to think first of what is going to happen if you leave your present love just to stay with another.
>>PRIMARY QUESTION: Is he/she worth it?

3. MARKET occurs when there is the interaction between the producer and the consumer. This is just the start of their “mutual feeling.”
>>PRIMARY QUESTION: Are we compatible?

4. PRODUCTION is the process of producing the right feeling for someone. The process of production depends on the amount of love demanded.This problem can be answered by the production of the amount of love that needs to be supplied to satisfy the consumer’s needs. With the full utilization of this production process, the scarcity of the amount of love demanded can be lessened.
>> PRIMARY QUESTION: How to produce?

5. CONSUMPTION refers to how the individual perceives, receives or consumes the love being supplied to him/her by the producer.
>>PRIMARY QUESTION: What to produce?

6. DISTRIBUTION refers to how the producer distribute his feelings for everyone. Here, the producer thinks if everyone is really entitled to receive his love. If yes, is his love for everyone be equally distributed? Who deserves most of his love?
>>PRIMARY QUESTION: For whom to produce?

7. DEMAND refers to the amount of love that the consumer is willing to receive.
>> PRIMARY QUESTION: How much do I receive from her?

8. SUPPLY refers to the amount of love that the producer is willing to give.
>> PRIMARY QUESTION: How much do I give her?

9. DEFRAUDMENT is an act of cheating. In here, either you are the one to cheat or the one to be cheated on.
>> PRIMARY QUESTION: Am I fair?

10. EQUILIBRIUM occurs when the amount of love supplied is equal to the amount of love demanded.
>> PRIMARY QUESTION: Are WE fair?

Love is a business.. It is really a risky undertaking.. Make sure that you are indeed willing to accept the consequences once you venture in this obstreperous industry.. Remember that love itself is a market.. Either you are a consumer or producer.. a buyer or a seller.. Reminiscent of the market, love deals with prices too.. once you choose this kind of commodity, you will not be able to change it.. it strictly follows the “No return, no exchange” Policy.. In the same way as the market, defraudment occurs in love too.. either you are the one to cheat.. or the one to be cheated on.. But if you will just be satiated with the maximum amount of goods or services that can be rendered by your supplier, then remember that there exists the EQUILIBRIUM too…

QUESTION: Are you willing to take the risk?