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[563-16] TedBell: Hoarding may be an economic necessity due to the simple fact that some
commodities may not be on the market all of the time there may be times when
a commodity is seasonal. Hoarding is the item which allows the trade of
these seasonal commodities. Another aspect of hoarding deals with the
accumulation of capital, when a person is able to sell without buying they
will accumulate. The individual necessity deals with the fact that the
person has motivation to save for his or her own gain like retirement or
social status. Without a stockpile of money in society people could not
borrow funds in order to purchase goods, which may be well above their
yearly incomes. Hoarding is the way in which commodities or capital activity
is controlled and accumulated. |
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