Value

We give certain values to certain things, e.g., luxury cars, jewelry, gems, money, and property. We give value to these things by common understanding. If the entity has a high priority, we give it a high value from the economy. If the demand is high, the value rises; if the demand is low, the value decreases. The economic system is the thing mostly deciding the value of entities in our world. We can control the value of goods by including creation policies through the economy.

But for an enlightened person, value is just a state of mind; everything around us is sort of like stones with no value at all, but from our desire and for our basic and other needs, we prioritize value. Mind is the thing that injects value for creation entities around us. For example, if there is a gem and a toy to gather, a child surely picks up the toy always because he has a desire and higher priority for it, but from the economic side or the social side, there is a huge value difference between a toy and a gem. Actually, for a monk, there is no value at all for things around us. If a monk saw a gem, he would leave it because he doesn’t have a desire for it, and he doesn’t value it in his mind.

Value is sort of a cobweb. We all are stuck in it. We can name cobweb as the economy. From the demand and supply of suppliers and customers, the value is decided. We all are specs of the economy, and we all must deal with it. Desires and needs are the things that energize the economy. But a person without desires doesn’t have values, and he is a person still stuck in the economy. Everything around him is valued by the economy. The common value network 

 

This is the common system of value decided in an economic system. When the price is higher, the number of goods and services they can buy decreases, and demand decreases. Supply will get higher. When the price is lower, the number of goods and services they can buy increases, and demand increases as supply decreases. This economic system works like an invisible hand. They call this a capitalist economy.

In a social economy, people must agree with every value the government decides.  The government decides the salaries and prices of goods and services. Everyone has equal rights and purchasing power.   Mostly This system is a failure because it brings us to queue to buy goods and services and discrepancy of goods. This lack of goods and services can bring about revolutions and change the economic system.

In a mixed economy, they use both capitalist and social economy attributes. The more people get money purchasing power more people buy goods and services. This fact occurs to increase the value prices of the goods and services because of the high demand. Less salary people get, less people to spend money. This occurs when value prices go lower because of less demand. Well, mostly in today’s world value of goods and services is decided like this.

 There are public property, half-public property, and charity property. These are so valuable to people from their mind level, but they cost less; some are none. Public transport is so valuable for middle-class people because they can travel for a low cost everywhere through this transport system. So this is the most common system for a value decided in the quantum world or economic system. But from a mind level, it’s a certain different story. 

In the prehistorical economic system, they cultivated their self they exchanged goods and services among themselves. They didn’t use any intermediate potential scale like money to exchange goods. They valued stuff around them according to priority and common social view. But in prehistoric times, there is evidence some of the cultures used stones and gold as an intermedium to exchange goods and services.

It's true that value is a state of mind, but in this word value of things around us is mostly decided by people around us from their minds. It’s better to live in society.