Dear Students,Have you heard of Parkinson's law?
'WORK EXPANDS SO AS TO FILL THE TIME AVAILABLE FOR ITS COMPLETION'
This is, in brief, Parkinson's law.
In time, however, the first-referenced meaning of the phrase has dominated, and sprouted several corollaries for example, the derivative relating to computers:
Data expands to fill the space available for storage.
A second aphorism, attributed to Parkinson and sometimes called "Parkinson's second law", is "expenditures rise to meet income".
"Parkinson's Law" could be generalized further still as :
The demand upon a resource tends to expand to match the supply of the resource.
An extension is often added to this, stating that the reverse is not true.
This generalization has become very similar to the economic law of demand that the lower the price of a service or commodity, the greater the quantity demanded.
Interesting, isn't it ?
Best wishes,
Prof. D. P. Chattopadhyay
(Globsyn Business School)
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