Sunday, February 21, 2010

Inflation

Bhai ye inflation hain kya?? I have been tired of hearing about the word. Just yesterday I came face to face with inflation for the nth time in my life..

I had a Mah-CET exam scheduled yesterday. Due to my stupidity(actually strategy to avoid a tough situation later) in terms of selecting the centre I had to go to Thakur College in Kandivali, Mumbai. A journey of around an hour from my house.(Don't believe I'm using the word journey to travel within Mumbai). The standard protocol is - take a train from Mahim to Kandivali and then take a rickshaw from the station to the college. Apart from the Western Railway mega block on this particular day I thought that I'll sail through.(Thankfully the mega block turned out to be a major hoax)

Reached Kandivali station. Started searching for a rickshaw. But I wasn't alone. There were atleast 60 odd more students who had to go to the same venue. My mom had told me, that if it is a shared rickshaw, it will be 5 bucks per passenger. Some ricksha wallah's were firstly just not ready to go to Thakur. Seeing this even further increase in demand and lowering of supply of the service the rickshaw driver upped his charges the moment I got into his vehicle. "Sahab 10 Rupayaa each lagega.. chalega??" All of us had to agree to the proposal.

This is when I realised the concept of controlled inflation and its advantages. If the Rickshaw wallah had asked 25 bucks each then probably he would have lost his customers (at least me, definitely..well probably not considering I was getting late for my exam). Due to controlled inflation the money flew from the customer into the service thus kept the economy moving(High demand and thoughtful pricing ke wajeh se Rickshaw walleh ka bhi bhalaa ho gaya). Thats all from a layman. Experts please pour in......

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