Third misconception: Sufficiency Economy is only applicable in the agricultural sector and rural areas.
Once again, this misconception arises because people are familiar only with the concept contained in New Theory of Agriculture as proposed by His Majesty the King. In our earlier discussion, we emphasized that Sufficiency Economy is a philosophy that helps guide the behavior of each individual and can be applied to all sectors of the economy.
In the next part of the paper, examples of the application of sufficiency economy philosophy in several areas will be presented.