Clam gulch is a very popular clamming beach in alaska. on good low tides, clammers can easily gather 60 clams (the state limit).
however, cleaning and preparing the clams is a slow and labor-intensive process, if done properly. there is considerable wastage of this clam resource due to improper preparation. economists would explain this wastage by saying that
The way economists would probably explain the wastage of
this clam resource is by saying that clams are free goods and are therefore
subject to the tragedy of the commons effect. The tragedy of the commons effect
is a theory in economics, postulated by the Victorian economist William Forster
Lloyd.
The tragedy of the commons effect describes a condition
within a shared-resource system where each user act freely according to their
own self-interest, but their collective actions ends in the depletion or spoilage
of that resource, thus having a negative impact on the common good of all users.
In this case, commons is taken to refer to the clam resources.
By definition they regulate them, which means restraining some of the actions they might otherwise take that are perceived to harm others or have other greater negative impacts on society.
That being said, they also benefit them by generally fostering an environment of stability in the markets, which is the first thing that commerce needs in exploiting opportunities. When a business knows what to expect, it is able to develop effective strategies that optimize profits for the circumstances.
Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with poor credit scores are considered at higher risk of defaulting on a loan. Still, even with bad credit, you have financing options, including online loans.
The movements in inventory account is usually as a result of purchases, sales, returns etc. These are the factors that bring about a difference between the opening and closing balances in the inventory account.
When you ask how loan payments work, there's no better way to explain it that knowing that you will have to pay down a balance over a period of time. When you ask for a loan, you will have to spread it into a series of fixed payments (the total payment remains equal all the time) in which you will have to cover for the principal loan (the amount of money you requested) and the loan's interest (which is what the lender gets paid for the loan). This monthly payment even though it remains the same, covers for the following: the interest costs (which are at their highest at the beginning) and reducing the loan balance. As time goes on, a bigger portion of what you are paying goes toward the principal loan, and the interest you pay is proportionally less each month.
