"Sufficiency means to lead a reasonably comfortable life, without excess, or overindulgence in luxury, but enough. Some things may seem to be extravagant, but if it brings happiness, it is permissible as long as it is within the means of the individual. This is another interpretation of the sufficiency economy or system. Last year, when I mentioned the word sufficiency, I mentally translated it and actually spelled it out as self-sufficiency; that is why I said sufficiency for the individual. In fact, this sufficiency economy has a wider meaning than just self-sufficiency. Self-sufficiency means that the individual produces the things to fulfill his own needs without having to purchase them from others; the individual can live entirely on his own."
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"Speech given to the audience of well-wishers on the occasion of the Royal Birthday Anniversary at the Dusidalai Hall, Chitralada Villa, Dusit Palace" (4 December 1998)
https://en.wikiquote.org/wiki/Bhumibol_Adulyadej
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