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This page compares the properties of several typical utility functions of divisible goods. These functions are commonly used as examples in consumer theory . The functions are ordinal utility functions, which means that their properties are invariant under positive monotone transformation .
Property rights theory is an exploration of how providing stakeholders with ownership of any factors of production or goods, not just land, will increase the efficiency of an economy as the gains from providing the rights exceed the costs. [20]
A moneyless economy or nonmonetary economy is a system for allocation of goods and services without payment of money. The simplest example is the family household.Other examples include barter economies, gift economies and primitive communism.
However, from time to time, we hear about a great product that is not available here in the U.S. Here are 13 examples of products you can't find in America: Show comments
Tariffs are duties paid on goods imported into the U.S.. The most common type are ad valorem tariffs (Latin for "according to the value, which represent a fixed percentage tax on the value of the ...
Goods and services for weddings are sometimes priced at a higher rate than identical goods for normal customers. [64] [48] [65] The wedding venues and services are usually priced differently depending on the wedding date. For instance, if the wedding is held during the peak seasons (school holidays or festive seasons), the price will be higher ...
Even as he's vowed to push the United States ahead in artificial intelligence research, President Donald Trump's threats to alter federal government contracts with chipmakers and slap new tariffs ...
Public goods will generally be underproduced and undersupplied in the absence of government subsidies, relative to a socially optimal level. This is because potential producers will not be able to realize a profit (since the good can be obtained for free) sufficient to justify the costs of production.