SINGAPORE: The economic crisis might not mean lower business for everyone.
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For the past two months, a stall at Toa Payoh had seen its business increase by more than 50 per cent.
It is one of the many stalls enjoying good business at Toa Payoh Lorong 7.
The stall sold a plate of rice with meat, fish and vegetables for S$2.20.
But its stall owner said this price was the lowest it could go.
Many of its customers were from the low income group.
And thanks to the cooked food stall, the drinks stall nearby is also enjoying better business.
As shown in the above article, expensive food is not what has the most business. So what if it is hawker food? So what if it is rather low class in some people's eyes? It is what helps us to save money in our economic crisis! Imagine, With more money saved, it means that more money can be used to try and save the current economic crisis. Experts have believed that the crisis will carry out through 2010. If that is so, then all the more we must save money. Also, EXPENSIVE does not = GOOD. I have once been to a science fair and one group of students went to experiment to see if EXPENSIVE = GOOD. They made used of different brands of glue at different prices and used them on different thumbtacks. They were then stuck to a wall. Apparantly, the cheapest brand of glue actually held on to the thumbtack the longest. Conclusion: EXPENXIVE does not = GOOD
We slept with our boots on - War Poetry
14 years ago
Hi Jarel, nice blog. I agree with you that expensive does not necessarily = good, but I disagree that all expensive = bad. Have you ever thought of why some things are more expensive than others? Like, why are a pair of Nikes more expensive than a pair of slippers? Because it's made of better material. And it will last you longer. So that is why I disagree. But for the thumbtacks, it was definitely a scam.
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