This means the relative value will always change. Suppose, the value of Rs 500 will not be the same in the next 5 years, it will obviously grow and value more. The value of the rupee in the future will not be the same as it is now! It will keep growing. And, this will keep changing in the future too. The consumption patterns, lifestyle, the standard of living has driven the flow of money. If you look at how much money is needed to live a normal life today, you will observe that it has tremendously changed over the past decades. How is that? Well, money is all relative. Isn’t it interesting to know that time which we believe is a constant is actually only relative to the person observing it? Well, you shouldn’t be surprised if you encounter the same notion when it comes to money and your financial life. The concept of time dilation states that time can appear to move at a different rate to different observers, observing from different gravitational masses or the relative movement between them. The most common example used in this theory is that of time dilation. Time can run faster or slower depending on how high you are or how fast you are traveling.Īccording to Einstein’s theory, how the passage of time appears is relative to the observer. His theories tell us that time and space are not constant. If we rewind back to a century ago, the general theory of relativity introduced by Albert Einstein revolutionized humans’ view on the Universe.
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