Week 20 – Supply & Demand

Create the supply and the demand will follow. Say what?

This is bassackward from every economics class I’ve ever taken (OK, I’ve only taken one economics class…but I’ve read several books).

The law of supply and demand is one of the most basic principles in economics. Basically it’s this, when an item is scarce, but many people want it, the price of that item will rise. Conversely, if there is a larger supply of an item than consumer demand warrants, the price will fall. ~ Investopedia

If you are in the retail, shipping, manufacturing, or selling business (that’s just about everybody) you will want to have a good understanding of this principle. With-holding the supply of certain goods or products will create a demand and thereby increase the price of that product. The trick is to make just enough of what the public wants so that the price will stabilize at a margin of greatest potential profit.

Here’s a question then…

How does one create the supply?

Haanel states in Masterkeys Lesson 20: 12-13:

“When you begin to perceive that the essence of the Universal is within yourself—is YOU—you begin to do things; you begin to feel your power; it is the fuel [SUPPLY] which fires the imagination; which lights the torch of inspiration; which gives vitality to thought; which enables you to connect with all the invisible forces of the Universe. It is this power which will enable you to plan fearlessly, to execute masterfully.”

In other words…We live the life we choose. Creating the right fuel, thought or internal picture of what we want is key to manifesting our dreams (supply). When we have this mental picture the DEMAND for action will follow. Hence, it is imperative that we give our dreams due diligence by thinking of the person we wish to become in order to fuel the demand for excellence in order to become that person.

 

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