Thelonomics

posted Aug 18, 2015, 10:34 AM by Abhishek Ojha

I find it very difficult when people ask me about my favorites!

It is difficult for me to converge on a single favorite thing. I don’t understand how some people have their favorite food, place, color, fruit, person... etc etc...  Anyways, I like almost all the places where I lived (for different reasons). I was thinking if it has to be one single place that I like most in New York City - it is central park.

So this weekend we walked, talked and relaxed for almost 4 hrs/6 kms in park and at the end I had a little nice conversation with a water cart vendor in park.

I asked him why a bottle of water is so expensive.  

…and He explained to me the economics of his cart.

He asked me – “how much you think we have to pay for this cart?”

I started guesstimating his sales and profit... but before I can guess he told me – “two hundred and thirty six thousand dollars  for one year!” That was way beyond what I would have guessed… by any standards that is a lot of money.

I said – “Wow! That’s a lot of money.”

“My friend, I sell a bottle for $3 and i get it for 50 cents. Now you understand why? Okay. How much you think I sold today?”

“500 bottles?”

"no, no tell me my sales for the day"

"1500 dollars?"

"Five thousands! "

"Wow! in a single day? You are a rich man!"

"No! You think I own this? I was just explaining you why it is $3 in park and $1 in street. Rich people from my country own all carts here. They have a lot of money; they don't need to sell water in park. They must be enjoying their weekend somewhere. I don't make much... and not all the days we sell for this much. but on a nice summer day like this... this was one of the best days for us.”

I took a bottle for $3, said thanks to which he responded – “pleasure my friend and sorry for the money!”

When he said ‘my country’ I remembered another conversation with a horse carriage coachman. He had said the same thing that people from a particular country own almost all of horse carriages business in the park.

 Anyways… the economics of Thelas in central park are like bund bund se ghada bharta hai ! :)

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