Which is why former RBI governor, Dr Bimal Jain introduced a âClean Note Policyâ in 1999 to suck out soiled notes from circulation and issue fresh or clean notes. 2 years later the RBI even urged banks to use bands instead of stapling notes to increase their life. (View Highlight)
Well, some mall operators have caught on to this idea. And theyâre diversifying their tenants now. Theyâre roping in tailors, cobblers, pet groomers, launderers and even pop-up health labs so that people donât skip mall visits and run helter-skelter to finish their errands. (View Highlight)
 A fixed fee is charged from the tenant. So theyâll make money irrespective of whether stores make good sales or not. But if malls donât woo customers and sales remain flat, then thereâs a high chance of brands closing down their mall stores. The mall could turn into a âghostâ mall â with low footfall and high vacancy. And theyâll lose revenue. (View Highlight)
 A revenue-share model. If the stores do well, the mall operator can pocket a bigger fee. So if people reduce the time spent in malls because theyâve got other places to be, it can dampen sales or at best, itâll stagnate. And the money doesnât pour in either. (View Highlight)
Well, it took 100 years, but Alfred Marshall finally cracked the paradox and put the debate to rest. He said itâs not the absolute level of utility of the product but rather the diminishing marginal utility which matters. (View Highlight)
In simple terms, the first litre of water is precious. It will quench your thirst. But what will you do with another 5 litres of water? You could store it for use but the more water you have, the less you start valuing it. (View Highlight)
But thatâs not the case with diamonds. Each additional diamond has the same allure. No one says no to the extra bling. You put this and its scarcity together and boom, you have a high price! (View Highlight)
So yeah, thatâs the Diamond-Water Paradox for you in a nutshell. (View Highlight)
