When dealing with collective phenomena, rational choice theories (RCT) focus mainly on the collective good problem. However, the question of how a collective good becomes a shared concern has not been considered up to now. This article demonstrates theoretical possibilities to answer this question wi...
sufficiently to their creation and/or supply – this is known as the ‘Free Rider Problem’ or the ‘Easy Rider Problem’. It is impractical for the free market to provide these public goods, because the opportunity to earn profit is significantly diminished due to this ‘free rider problem...
Group buying, also known as collective buying or purchasing group, is a strategy where individuals unite their purchasing power to get substantial discounts on goods purchased. It operates on the principle of volume purchasing, represented by numerous buyers coming together for a common cause. What ...
The United States is facing a housing crisis: Affordable housing is inadequate, while luxury homes abound (充裕), and homelessness remains a persistent problem. Despite this, popular culture and the housing industry market hap...
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aIn the accounting work at all times with the money, finance, goods are closely linked, and therefore, as a financial and accounting personnel in professional activities must be law-abiding, honest, clean, and self-discipline, and must be based on national and collective interests above every...
A market economy is driven by the law of supply and demand. However, most modern economies could strictly be called mixed economies. That is, the government steps in as needed to alleviate problems or correct injustices. The real problem, for economists and for all citizens, is defining the ...
Meanwhile, knowledge is viewed as the source of wisdom; it generates the “pool” of creative ideas and problem solutions that initiate the course of innovation. Although research of creativity has been carried out on discussing the inherency of creativity and how to stimulate creativity [3], res...
The CPI is a measure of inflation and deflation. The CPI report uses a different survey methodology, price samples, and index weights than theproducer price index (PPI), which measures changes in the prices paid by U.S. producers of goods and services. ...
This feature is part of Apartment Therapy's Gift Edit, our editor-curated collection of gift ideas. Need more inspiration? Check out all our guides here.Some people love receiving over-the-top gifts, like a cashmere potholder or diamond-encrusted anything. But then there are the giftees who...