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About: Hoarding (economics)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPriceControls, within Data Space : dbpedia.org associated with source document(s)

Type: companyyago:Abstraction100002137yago:Argumentation105773049yago:Cognition100023271yago:Control106657202yago:EconomicPolicy106656741yago:HigherCognitiveProcess105770664yago:Policy106656408yago:PriceControl106657464yago:Process105701363yago:PsychologicalFeature100023100yago:Reasoning105772356yago:Thinking105770926yago:WikicatPriceControls New Facet based on Instances of this Class

Hoarding in economics refers to the concept of purchasing and storing a large amount of product belonging to a particular market, creating scarcity of that product, and ultimately driving the price of that product up. Commonly hoarded products include assets such as money, gold and public securities, as well as vital goods such as fuel and medicine. Consumers are primarily hoarding resources so that they can maintain their current consumption rate in the event of a shortage (real or perceived). Hoarding resources can prevent or slow products or commodities from traveling through the economy. Subsequently, this may lead to the product or commodity to becomes scarce, causing the value of the resource to rise.