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Market Run
A market run or run on the market occurs when consumers increase purchasing of a particular product because they fear a shortage. As a market run progresses, it generates its own momentum: as more people demand the item, the supply line becomes unable to keep up. This causes a local shortage, which in turn encourages further hoarding. Examples include a run on the gasoline market following hurricane Katrina in 2005, an ammunition shortage following President Obama's election in 2008, and a run on toilet paper following a Johnny Carson joke on ''The Tonight Show ''The Tonight Show'' is an American late-night talk show that has aired on NBC since 1954. The show has been hosted by six comedians: Steve Allen (1954–1957), Jack Paar (1957–1962), Johnny Carson (1962–1992), Jay Leno (1992–2009 and 201 ...'' in 1973. See also * Bank run * Panic buying References Consumer behaviour {{economy-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Football
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is to score more goals than the opposition by moving the ball beyond the goal line into a rectangular framed goal defended by the opposing side. Traditionally, the game has been played over two 45 minute halves, for a total match time of 90 minutes. With an estimated 250 million players active in over 200 countries, it is considered the world's most popular sport. The game of association football is played in accordance with the Laws of the Game, a set of rules that has been in effect since 1863 with the International Football Association Board (IFAB) maintaining them since 1886. The game is played with a football that is in circumference. The two teams compete to get the ball into the other team's goal (between the posts and under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shortage
In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply ( surplus). Definitions In a perfect market (one that matches a simple microeconomic model), an excess of demand will prompt sellers to increase prices until demand at that price matches the available supply, establishing market equilibrium. In economic terminology, a shortage occurs when for some reason (such as government intervention, or decisions by sellers not to raise prices) the price does not rise to reach equilibrium. In this circumstance, buyers want to purchase more at the market price than the quantity of the good or service that is available, and some non-price mechanism (such as "first come, first served" or a lottery) determines which buyers are served. So in a perfect market the only thing that can cause a shortage is price. In common use, the term "shortage" may refer to a situation wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Line
Supply may refer to: *The amount of a resource that is available **Supply (economics), the amount of a product which is available to customers **Materiel, the goods and equipment for a military unit to fulfill its mission *Supply, as in confidence and supply, the provision of funds for government expenditure *Narcissistic supply, the way in which a narcissistic individual requires affirmation, approval, and admiration from others in the same way as the infant requires an external supply of food Places *Supply, North Carolina, an unincorporated community *Supply, Virginia, an unincorporated community Ships * HMS ''Supply'', eight ships of the Royal Navy of the United Kingdom * HMAS ''Supply'', two ships of the Royal Australian Navy * USS ''Supply'', four ships of the United States Navy People with the name *Supply Belcher Supply Belcher (March 29, 1751 – June 9, 1836) was an American composer, singer, and compiler of tune books. He was one of the so-called Yankee tunesmith ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Katrina
Hurricane Katrina was a destructive Category 5 Atlantic hurricane that caused over 1,800 fatalities and $125 billion in damage in late August 2005, especially in the city of New Orleans and the surrounding areas. It was at the time the costliest tropical cyclone on record and is now tied with 2017's Hurricane Harvey. The storm was the twelfth tropical cyclone, the fifth hurricane, and the third major hurricane of the 2005 Atlantic hurricane season, as well as the fourth-most intense Atlantic hurricane on record to make landfall in the contiguous United States. Katrina originated on August 23, 2005, as a tropical depression from the merger of a tropical wave and the remnants of Tropical Depression Ten. Early the following day, the depression intensified into a tropical storm as it headed generally westward toward Florida, strengthening into a hurricane two hours before making landfall at Hallandale Beach on August 25. After briefly weakening to tropical storm strength o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ammunition
Ammunition (informally ammo) is the material fired, scattered, dropped, or detonated from any weapon or weapon system. Ammunition is both expendable weapons (e.g., bombs, missiles, grenades, land mines) and the component parts of other weapons that create the effect on a target (e.g., bullets and warheads). The purpose of ammunition is to project a force against a selected target to have an effect (usually, but not always, lethal). An example of ammunition is the firearm cartridge, which includes all components required to deliver the weapon effect in a single package. Until the 20th century, black powder was the most common propellant used but has now been replaced in nearly all cases by modern compounds. Ammunition comes in a great range of sizes and types and is often designed to work only in specific weapons systems. However, there are internationally recognized standards for certain ammunition types (e.g., 5.56×45mm NATO) that enable their use across different wea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district in the Illinois Senate from 1997 until 2004, when he ran for the U. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toilet Paper Panic Of 1973
Harold Vernon Froehlich (born May 12, 1932) is a retired American politician and judge. He represented Wisconsin's 8th congressional district in the United States House of Representatives for one term in 1973–1974 as a Republican and broke with his party to vote for the impeachment of President Richard M. Nixon. After leaving Congress, he served thirty years—from 1981 to 2011—as a Wisconsin Circuit Court Judge in Outagamie County. Earlier in his career, he served ten years in the Wisconsin State Assembly and was the 66th Speaker of the Wisconsin Assembly. His final public office was on the Wisconsin Government Accountability Board, where he served until its dissolution in 2015. Biography Born in Appleton, Wisconsin, Froehlich served in the United States Navy during the Korean War after graduating from Appleton Senior High School in 1950. In 1959, Froehlich graduated from the University of Wisconsin–Madison and then received his law degree in 1962. That ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johnny Carson
John William Carson (October 23, 1925 – January 23, 2005) was an American television host, comedian, writer and producer. He is best known as the host of '' The Tonight Show Starring Johnny Carson'' (1962–1992). Carson received six Primetime Emmy Awards, the Television Academy's 1980 Governor's Award and a 1985 Peabody Award. He was inducted into the Television Academy Hall of Fame in 1987. Carson was awarded the Presidential Medal of Freedom in 1992 and received a Kennedy Center Honor in 1993.Johnny CarsonEncyclopædia Britannica Online (2009). In Encyclopædia Britannica. Retrieved July 30, 2009. During World War II, Carson served in the Navy. After the war, Carson started a career in radio. He moved from radio to TV and followed Jack Paar as the host of the late night talk show, ''Tonight''. Although his show was already successful by the end of the 1960s, during the 1970s, Carson became an American icon and remained so even after his retirement in 1992. He adop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Tonight Show
''The Tonight Show'' is an American late-night talk show that has aired on NBC since 1954. The show has been hosted by six comedians: Steve Allen (1954–1957), Jack Paar (1957–1962), Johnny Carson (1962–1992), Jay Leno (1992–2009 and 2010–2014), Conan O'Brien (2009–2010), and Jimmy Fallon (2014–present). Besides the main hosts, a number of regular "guest hosts" have been used, notably Ernie Kovacs, who hosted two nights per week during 1956–1957, and a number of guests used by Carson, who curtailed his own hosting duties back to three nights per week by the 1980s. Among Carson's regular guest hosts were Joey Bishop, David Letterman, Joan Rivers, David Brenner, and Jay Leno, although the practice has been mostly abandoned since hosts currently prefer reruns to showcasing potential rivals. Fallon has used guest hosts rarely, co-hosting the May 24, 2021 broadcast with Dave Grohl, Jimmy Kimmel hosting the April 1, 2022 broadcast (with Fallon swapping duties to guest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Buying
Panic buying (alternatively hyphenated as panic-buying; also known as panic purchasing) occurs when consumers buy unusually large amounts of a product in anticipation of, or after, a disaster or perceived disaster, or in anticipation of a large price increase or shortage. Panic buying during health crises is influenced by "(1) individuals' perception of the threat of a health crisis and scarcity of products; (2) fear of the unknown, which is caused by emotional pressure and uncertainty; (3) coping behaviour, which views panic buying as a venue to relieve anxiety and regain control over the crisis; and (4) social psychological factors, which account for the influence of the social network of an individual". Panic buying is a type of herd behavior. It is of interest in consumer behavior theory, the broad field of economic study dealing with explanations for "collective action such as fads and fashions, stock market movements, runs on nondurable goods, buying sprees, hoarding, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
