Some people associate happiness with spiritual satisfaction which people achieve by practicing their religious activities. The gist of the discussion lies in the point that happiness is relative. One thing might make one person happy and the other sad. There are two sides to every slice therefore you cannot just consider one factor and declare one theory of happiness or school of thought right or wrong.
The battle of objectivity vs. subjectivity is different for every situation. For situations where objectivity is needed narrow hedonism theory of happiness will be considered more plausible as compare to the need for relativity from situation to situation and feeling to feeling will lead to the victory of preference hedonism theory of happiness.
Factor Two: Happiness
The relativity of happiness can be identified by observing the people around us. When you are observing a person who is being happy by inflicting pain upon him you will notice that pain will be resulting in something pleasurable for that person. For example, happiness is relative, even in gender. Women attain pleasure in shopping while most men feel stressed during shopping which becomes somewhat painful. The three most important things that are considered as source of happiness by the majority of people are wealth, fame, and respect.
1. Wealth - a lot of people believe that possession of money can buy happiness. People spend money to buy things that will fulfill their desires which in turn would give them happiness. However sometimes happiness is more than just a couple of dollars. This very statement in itself is objective because if we consider the principle of relativity money can be happiness for most of the people. It is important to note here that for a person the happiness related to wealth will differ from time to time. This means that a person wanting a certain amount of wealth in one year will want more in the next. The hunger for money can never be fulfilled which leads to incomplete happiness that goes back to the concept of not wanting the pleasure so much that the inability to attain it becomes painful.
2. Fame -- Fame is also an important source of happiness. You must have heard a common statement of the showbiz world, good attention or bad attention just save me from no attention. Celebrities become so obsessed with fame that they literally crave for it. For instance charm of success in a competition and applause from the crowd or audience would provide them the happiness that they strived for. Hence fame becomes their source of happiness. Some people, who fail to attain fame due to their lack of talent or skills, buy fame by their wealth such as politicians etc.
3. Respect -- Some people strive for being a respectful citizen of the society. For them knowing that the people around them respect them and value them is a strong source of happiness.
Factor Three: Satisfaction
Every person has defined satisfaction in his own terms. We cannot associate happiness or pain with satisfaction. Again, the fact remains, it is relative, and it is different for every person. Therefore, by considering only happiness or good as satisfaction will not be a right decision. Satisfaction can come by attaining anything that motivates a person. In the comparison of rich vs. poor we might believe that the rich person, having every kind of wealth as well as fame and respect in the society is more satisfied with his life as compared to the poor one. However the reality might be different, the poor person who has nothing but the basic necessities could be more satisfied than the rich person, may be because he has nothing to lose.
Factor Four: Passion
It is the nature of every human being to find the purpose of his life which usually comes in f passion. This passion can differ from person to person. For one person the passion might...
Until that time, the lower classes, as they were known, would produce most of what they needed at their own homes, and the upper classes would simply employ the lower classes to produce whatever goods they needed and subsequently purchase them, or employ craftsmen to produce 'quality' goods that were usually required by noblemen. (Elemental Economics: Intermediate Microeconomics) There were also firms that would purchase goods and services and these
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