Tuesday, December 9, 2014

Supply Vs Demand

      What would happen when there is whole lot of competent candidates in Job market but economy is very poor or what would happen when there is whole lot of demand for water but there is hardly any rain? Supply and demand has to match or at least reach to an optimum level where one doesn’t dominate the other ….If supply and demand matches then that’s ideal and that’s the perfect world we are talking about!!!

     I am basically working in Supply chain and know the consequences when one overtakes the other; Companies are spending lots of money to have a system in place and have all controls and processes to make sure neither it carries more inventory which reduces the cash flow nor sees that demand doesn’t increase significantly which would potentially mean you may lose business to your competitors. It is a balance where companies are striving for by adopting industry best practices and also by investing in sophisticated technology.

    One bizarre thing in medical world is the supply and demand are poles apart; In India look at how many public institutions we have for medical schools, privatization is this field is dangerous too since it would overkill the market. But if there is a constant demand amongst students for medical field then the amount of public colleges has to increase. In today’s world student pays a hefty amount to get into medical school and even larger amount for a master’s degree. At the end when he/she comes out to serve public obviously one of the goals would be how to get on track with financial goals because there has already been significant amount of money involved and also the number of years since high school. All this would be taken into consideration before someone makes a move.  Al of us cannot be a Gandhi ..that is not practically possible !!! Medical students should have a choice to serve public without having the burden of the money they have spent upfront.
    
   One thing always remains true …Karma will find its way and it is way too clever to interpret our human behavior and give us the right judgment. So do your duty and leave the rest to almighty.

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