The sweet spot

c/o The New York Times

I think many economic problems are marketing problems in disguise as the root of these problems lies not in the logical aspects of economics, but rather in the psychological realm of human perception and desire. This perspective emphasises the importance of understanding and influencing consumer behaviour and preferences in order to create value and solve economic challenges effectively. One key aspect of this argument is the idea that value is subjective and exists primarily in the minds of individuals. While there may be inherent qualities and functions in a product or service, their value is ultimately determined by how they are perceived by consumers. And this is why many of the problems we try to solve logically would be easier to solve psychologically.