The statement that is not accurate is that fads are a type of collective concern, as they actually correspond to a type of collective behavior.
<h3 /><h3>What is a fad?</h3>
It can be understood as a collective behavior that occurs within a culture or group, generating the formation of behaviors or desire for specific products and services over a period of time.
The fad usually lasts for a short period, and can arise due to media influences for example.
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The primary purpose of the financial markets is to route surplus reserves from people who have gathered from their salaries to people who need to finance their expenditure or corporations that require reserves to support capital investments. There are couple ways in which funds are routed from savers/donors to spenders/borrowers.
Direct Financing: Funds are loaned directly from savers to spenders. Indirect Financing: Where an intermediary i.e. bank is involved between donors and borrowers.
The borrower may chose to use the funds to invest in a business venture and thus be becomes an investor. Money is channeled through financial institutions such as banks. A saver saving with a bank account seeks to keep the money in the bank as it earns him interest.
Money is channeled through financial institutions such as banks. A saver saving with a bank account seeks to keep the money in the bank as it earns him interest. A borrower in need of a loan applies for a loan at the bank and if he is eligible, gets the loan at an interest rate. The borrower may chose to use the funds to invest in a business venture and thus be becomes an investor.
SORRY I PUT A LONG ANSWER , IF ONE OF THEM DOESNT WORK JUST TRY THE OTHER
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A. If you buy a new cell phone, your opportunity cost is the money you spend to purchase the phone.
