SCALE OF PREFERENCE

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scale of preference, thermometer, wind vane, anemometer, priority, economics, economy,



            At the basic level of our educational pursuit, a skeletal knowledge of the concept “scale of preference” is taught in the subject matter of Economics. In reality, the concept has a deep root in our day-day activities. The tremendous and unexpected success or the slow pace of development of any man is attributed to the choices he made based on the priority attached to it.
            As THERMOMETER is for measuring temperature, WIND VANE for ascertaining the direction of the wind and ANEMOMETER for measuring the speed of the wind. On PRIORITY LEVEL, no scale has been enunciated for measuring it globally. The arising question is, What do we measure? Priority !!! How do we measure it?. We are therefore left to arrange our needs, wants, or task on order of priority i.e. how important are our designated needs. Making choices has an underline importance on “time management” – the way we spend our time has a connectedness with the outcome of our choices.
            The focal point of this piece is to reinstate our mindset on the essentials of making the right choices amongst all necessity in life. Since human want are insatiable, it is obvious that some needs are more important than the other. Some needs are for the present time, some for the future while some are luxuries that are not necessarily needed. Most people tend to make wrong choices by pursuing the wrong need at the detriment of the most important.
            Nevertheless, a practical example is inherent in having a designated date for the submission of three different assignments. The first is to be submitted in a week to this time, the second to be collected in three days while the last is given a deadline for one month. Attempting to the last assignment first is a wrong choice made considering the nearness of the submission date of the second assignment.
In reality, people tend to find it difficult to ascertain which priority is the most important. Even when they have the knowledge, most people tend to live in an illusion that they are the chief engineer of their time. Most times, such people fail because they do not have a strategic plan to absorb or comprehend the situation when it boomerangs. Having chosen to write this piece at this time, it has therefore opened doors on my next piece.
            Worthy of note, endeavour to make sure your choices are the right ones for the moment without minding or copying friends opinion. Thanks for your attention.

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