When it comes to precious and valuables gems and diamond, there are some who like to collect, some like to show it off as a form of status, others aspire to have them. I was thinking what gives things a value? When it comes to fashion, gems, electronics, what gives them a value? From economist’s point of view, it is the demand and supply that give rise to the value of an item. From marketer’s point of view, the value is determined by the perceived benefits successfully portrayed in a series of advertisements, packaging, display, location of sales, etc.
This means that there is no fixed value on any item. The value of all things in this world is fixed by each individual. The market can fix a Tag watch at $1,000, but I can value this watch at $2,000 and I would think that at $1000, I actually got a good bargain. On the other hand, if I value this watch at only $500, I would not pay for that price they are selling.
A lot of the determine factor for the value came from the expectation of society, the people around us, the advertisements, our family, added to this expectation. Diamonds and gems, perceived to be valuable, portrayed as prestige by marketers, are valued at high price by the society.
Anyone that has watched the movie on Blood Diamond, will probably give a second thoughts when it comes to buying diamonds. Greed propels some beings to value money and gems more than anything else. It is just madness that we human are willing to sacrifice the precious life of another human just to get a piece of element existed in this world, excavated from the earth FREE.
It really makes me wonder, how much is our human life worth?
With no marketers and no demand and supply to fix a price, what is the perceived value of a human life?
3 comments:
Hi!
A good post! Congrats!
I look forward to more enlightening posting from you!
Blessings,
WaterLearner
hi there...very well spoken really
"It is just madness that we human are willing to sacrifice the precious life of another human just to get a piece of element existed in this world, excavated from the earth FREE."
if a human being realized more the real value of life he would spend more money to the needy or cahrity atleast he would be feeding some hungry people all their problems are food and shelter instead of jewlleries or expensive watches its good to value my own life and others too
thx for great words and meanings u r so good in writing skills i envy u for that ....keep the good work up
best wishes
Hi Karen and Lili,
Thanks for your support! You have been very encouraging.
Thanks :)
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