This quote speaks to the idea that affordability is not just a matter of mass production or cost-cutting, but also a matter of innovative design and technological advancements. It suggests that by improving the design of a product, we can make it more efficient, easier to produce, or more effective, thereby reducing its cost. Similarly, by leveraging technology, we can automate processes, improve precision, or increase speed, all of which can lead to cost reductions.
Furthermore, scale is a key factor in affordability. When a product is produced on a large scale, the cost per unit tends to decrease. This is due to the spreading of fixed costs over a larger number of units and the efficiencies gained from mass production. Thus, a combination of thoughtful design, advanced technology, and large-scale production can make products more affordable.
In today’s world, this principle can be applied in various sectors. For instance, in the renewable energy industry, the cost of solar panels has significantly decreased over the years due to improvements in design and technology, as well as increased scale of production. Similarly, electric vehicles are becoming more affordable as advancements in battery technology are made and production scales up.
In terms of personal development, this quote suggests that we can make our goals more achievable (or “affordable”) by improving our strategies (or “designs”), leveraging tools and resources (or “technology”), and increasing our efforts (or “scale”). For example, if you’re trying to learn a new language, you might improve your strategy by focusing on the most commonly used words and phrases, use technology like language learning apps or online courses, and increase your effort by practicing daily. By doing so, you’re likely to achieve your goal faster and with less effort, thereby making it more “affordable”.
