ELI5: Explain Like I'm 5

Sufficiency economy

Imagine that you have a big bag of candies that your parents gave you for your birthday. You want to eat all of them right away, but your parents tell you that it's not a good idea because you might get sick or run out of candies too quickly. So, you decide to save some candies for later and eat only a few at a time.

This is similar to the concept of sufficiency economy. Sufficiency economy is a way of thinking about how we use our resources wisely so that we don't use too much too quickly and end up running out or harming ourselves in the process.

In a sufficiency economy, we focus on balancing our material and spiritual needs in order to live a good and healthy life. We use our resources in a way that is sustainable, meaning that we don't take more than we need and we try to avoid wasting anything.

For example, instead of buying a new shirt every week, we might use the same shirt for a while and take good care of it so that it lasts longer. We might also try to grow our own food, recycle our trash, and conserve electricity and water to minimize waste.

Overall, sufficiency economy is about being mindful of our actions and making sure that we live within our means in order to create a better future for ourselves and the world around us.