The Philosophy of sufficiency Economy and National Development His Majesty's Philosophy of Sufficiency Economy emphasizes that the producers or consumers try to produce or consume within the limit or limitation of existing income or resources first. This is the principle in decreasing the dependence and increasing the ability to control the production themselves, thus deceasing the risk from not being able to efficiently control the market system. Sufficiency Economy does not mean that one must constantly be frugal. A person can indulge himself in luxury once in a while, provided that it is within his capacity to do so. But the majority of the country's population often overspends beyond their means. Sufficiency Economy can lead to the goal of establishing economic stability. Fundamentally, Thailand is an agricultural country, therefore, the country's economy should be keyed towards agro-economy and food stability in order to establish a stable economic system to a certain degree. This is an economic system that can help lessen the risk or economic instability in the long run may add that full sufficiency is impossible a family or even a village wants to employ a full sufficiency economy, it would be like returning to the Stone Age...This sufficiency means to have enough to live on. Sufficiency means to lead a reasonably comfortable life, without excess, or overindulgence in luxury, but enough. Some things may seem to be avagant, but if it brings happiness, it is permissible as long as it is within the means of the individual His Majesty's birthday speech on 4 December, 1998