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How Your Purchase Circulates in the Local Economy



“ A GOOD COMMUNITY, IN OTHER WORDS, IS A GOOD LOCAL ECONOMY”

Hi! Welcome to our blog. Let me give the abstract of what we are going to see in this blog. It’s highly essential that each and every individual should have the knowledge about local economy. If local economy is good, our money circulates in our locality itself.


Click on this link (Video Format) to view this blog in our youtube channel


ABSTRACT :

i) INTRODUCTION

ii) ECONOMY

iii) LOCAL ECONOMY

iv) CIRCULATION OF MONEY

v) CONCLUSION


INTRODUCTION:


ECONOMY:

An economy is the system according to which the money, industry and trade of a country or region are organized.


LOCAL ECONOMY:

Local economy means existing in or belonging to the area where you live.


This video is mainly for the upliftment of local economy. Let me explain it with a small story how our money circulates in our area.


CIRCULATION OF MONEY:

Three days back , I took the bag and went to buy vegetables. First, I went to the departmental store which is located near our soul soap factory (Nasiyanur, Erode Dt). As I am staying nearby, I went to that shop. Then I came to know that there is another shop where they sell only vegetables. Actually this shop is located in my home town (Chithode, Erode Dt). It’s also a big shop and I purchased vegetables for around Rs.130 to 140/- Our soaps are available only in one particular departmental store at chithode and not in any other shop. In the meantime, I saw a fan in that vegetable shop. It was very sturdy and looking good. The fan in our factory will either bend down or see upwards.


So, I inquired related to the fan where he had purchased. It has been purchased in one furniture shop in chithode itself. So, I went to that shop and started my enquiry. In the meantime, another customer came to the shop. That person is a paani poori seller . He came to purchase something for his shop. This person buys our soul soap company soaps from the departmental store. On seeing me, he gave positive feedback and comment on my products.


From this, I came to know an important thing that our money circulates among the local shops and in turn come to our hands itself. It circulates among the known person itself. This leads to the upliftment of all the shopkeepers in that particular locality.


Each and everyone needs are satisfied by anyone of them in that local community. If I had purchased that fan in Erode or some other place, we don’t know that person and also we don’t know where that money circulates and it will not reach our hands too. Whereas in the above scenario, it goes like a chain.




So, it is clear from this chain that our money circulatesin our area and in turn it also reaches to our hands itself.


For purchase of raw materials, visit our official website www.suppliersociety.in and order your requirements.


Our customers doubts are clarified instantly in this manner. If you have any doubts feel free to send a text or voice message to 8838303139 and we are ready to answer.


“ WE CAN FIGHT THE GLOBAL ECONOMY

WITH A STRONG LOCAL ECONOMY”


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