## What is Sufficiency Economy and How to Manage a Balanced Life
**The meaning of sufficiency economy** is a conceptual framework derived from the royal speech of His Majesty King Bhumibol Adulyadej, which emphasizes enabling people at all levels to be self-reliant. By living based on moderation and rational decision-making, it is not about withdrawing from society but about creating economic stability at household, community, and societal levels.
This concept was actively promoted after the 1997 economic crisis when people sought stable and low-risk survival methods, becoming a life philosoph
View Original**The meaning of sufficiency economy** is a conceptual framework derived from the royal speech of His Majesty King Bhumibol Adulyadej, which emphasizes enabling people at all levels to be self-reliant. By living based on moderation and rational decision-making, it is not about withdrawing from society but about creating economic stability at household, community, and societal levels.
This concept was actively promoted after the 1997 economic crisis when people sought stable and low-risk survival methods, becoming a life philosoph