User:JJAtSchool/Hoarding (economics)

In economics, hoarding is the practice of obtaining and holding resources in quantities greater than needed for one's immediate use.

Remove reference to investing and add small segment on financial hoarding.

Concept
Economic hoarding refers to the concept of purchasing and storing a large amount of product when it is suspected the price of that product will eventually increase or the product will become scarce. Unlike investing, which often involves providing money to companies that manufacture and sell products and services, Hoarding prevents the product or commodity from entering the rest of the economy. Subsequently, the product or commodity becomes scarce, causing the value of the product to rise. A common intention of economic hoarding is to drive the price of a product up by withholding it from the economy, and then reselling the product after its value has increased to make a profit.

Updated concept to better reflect the topic.

Updated artificial scarcity to include mention of monopolies and oligopolies.

Todo


 * Mention governments do not necessary like hoarding or anti-competitive behavior.
 * Tie in more of the see also section.
 * possibly mention Hoarding in the age of Covid-19 as well as Financial Hoarding.

Notable Examples of Hoarding
black market