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Forced Rider
A forced rider in economics is a person who is required, by public or private entities, to share in the costs of goods or services without desiring them or valuing them at their price. It is the opposite of a free rider. Theory Forced riders in taxation The forced rider has been cited in various authors' views concerning taxation. * Pacifists are required to pay for national defense. * Environmentalists may be required to pay for public works projects, such as dams, which they feel destroy natural habitats in ways they do not condone. * Healthy and insured individuals being forced via an individual mandate to subsidize insurance for unhealthy and previously uninsured individuals. Previously uninsured individuals are now free riders. * In many European countries, every household is required to purchase a television licence whether they watch television or not. * Childless adults are required to pay for the public education of others' children. Additionally, parents whose child ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost
Cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production. More generalized in the field of economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ..., cost is a metric that is totaling up as a result of a process ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agency Shop
Agency may refer to: Organizations * Institution, governmental or others ** Advertising agency or marketing agency, a service business dedicated to creating, planning and handling advertising for its clients ** Employment agency, a business that serves as a representative, acting on behalf of another ** Government agency, a department of a local or national government responsible for the oversight and administration of a specific function *** Central Intelligence Agency, nicknamed "The Agency" ** International agency, an inter-governmental body ** News agency ** Talent agency * Highways Agency (now National Highways), manages motorways and some major roads in England Social science * Agency, the abstract principle that autonomous beings, agents, are capable of acting by themselves; see Autonomy * Agency (law), a person acting on behalf of another person * Agency (moral), capacity for making moral judgments * Agency (philosophy), the capacity of an autonomous agent to act, relating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Divide
Transport divide (also known as transport exclusion, transport disadvantage, transport deprivation, transportation divide, and mobility divide) refers to unequal access to transportation. It can result in the social exclusion of disadvantaged groups. The concept covers issues ranging from unequal access to public transportation to the unequal opportunities in global migration due to different visa policies as part of the global North–South divide. There are a number of aspects of the transport divide. People may have difficulty in using transport system because of physical barriers, such as a lack of accessibility for the disabled (lack of wheelchair access also impacts people with baby strollers or bicycles). Insufficient labeling can also cause problems for people who do not speak the local language. Financial barriers in the form of cost of services can prevent the poor from using the transport services. Distance barriers (in the form of distance from people's homes) ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transit Desert
A transit desert is an area with limited transportation supply. Developed from the concept of food deserts, various methods have been proposed to measure transit deserts. Transit deserts are generally characterized by poor public transportation options and possibly poor bike, sidewalk, or road infrastructure. The lack of transportation options present in transit deserts may have negative effects of people’s health, job prospects, and economic mobility. History The term 'desert' has been variously applied to areas that lack key services like banks, food access, or even books. The idea of transit deserts was coined by Junfeng Jiao and Maxwell Dillivan, first appearing in print in 2013. Since that time, the concept of transit deserts has been expanded upon and competing definitions and measurement techniques have emerged. Definitions Gap-based measurements Gap-based measurement techniques are the most prominent and well-defined definition of transit deserts. Such methods typic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redlining
Redlining is a Discrimination, discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of Race (human categorization), racial and Ethnic group, ethnic minorities. Redlining has been most prominent in the United States, and has mostly been directed against African Americans, as well as Mexican Americans in the Southwestern United States. The most common examples involve denial of credit and insurance, denial of Race and health, healthcare, and the development of food deserts in Minority group, minority neighborhoods. Reverse redlining occurs when a Creditor, lender or insurer targets Majority minority, majority-minority neighborhood residents with inflated interest rates by taking advantage of the lack of lending competition relative to non-redlined neighborhoods. The effect also emerges when service providers Artificial scarcity, artificially restrict the Real estate economics#Supply of housing, supply of real estate ava ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghetto Tax
A cost of poverty, also known as a ghetto tax, a poverty premium, a cost of being poor, or the poor pay more, is the phenomenon of people with lower incomes, particularly those living in low-income areas, incurring higher expenses, paying more not only in terms of money, but also in time, health, and opportunity costs. "Costs of poverty" can also refer to the costs to the broader society in which poverty exists. Economic principles A ghetto tax is not a tax in the literal sense. It is a situation in which people pay higher costs for equivalent goods or services simply because they are poor or live in a poor area. A paper by the Brookings Institution, titled ''From Poverty, Opportunity: Putting the Market to Work for Lower Income Families'', is widely cited as a study into ghetto taxes, although the report itself does not use the term. The problem of ghetto taxes is closely associated with mobility; one study in the United States showed that higher prices might be prevalent in som ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive City
An automotive city or auto city is a city that facilitates and encourages the movement of people via private transportation, through 'physical planning', e.g., built environment innovations ( street networks, parking spaces, automobile/pedestrian interface technologies and low density urbanised areas containing detached dwellings with driveways or garages) and 'soft programming' e.g., social policy surrounding city street usage ( traffic safety/automobile campaigns, automobile laws and the social reconstruction of streets as reserved public spaces for the automobile).Norton, p. 2008, ''Fighting Traffic: The Dawn of the Motor Age in the American City'', published by The MIT Press, Cambridge, Massachusetts, London, England, Clapton, R. (2005) ''Intersections of Conflict: Policing and Criminalising Melbourne’s Traffic, 1890–1930'', Doctor of Philosophy Thesis, submitted to the Department of History, The University of Melbourne Origins :"The old common law that every person, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accessibility (transport)
In Transportation planning, transport planning, accessibility refers to a measure of the ease of reaching (and interacting with) destinations or activities distributed in space, e.g. around a city or country. Accessibility is generally associated with a place (or places) of origin. A place with "high accessibility" is one from which many destinations can be reached or destinations can be reached with relative ease. "Low accessibility" implies that relatively few destinations can be reached for a given amount of time/effort/cost or that reaching destinations is more difficult or costly from that place. The concept can also be defined in the other direction, and we can speak of a place having accessibility ''from'' some set of surrounding places. For example, one could measure the accessibility of a store to customers as well as the accessibility of a potential customer to some set of stores. In time geography, accessibility has also been defined as "person based" rather than "pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Television Licence
A television licence or broadcast receiving licence is a payment required in many countries for the reception of television broadcasts or the possession of a television set. In some countries, a licence is also required to own a radio or receive radio broadcasts. In such countries, some broadcasts are funded in full or in part by the licence fees. Licence fees are effectively a hypothecated tax to fund public broadcasting. History Radio broadcasters in the early 20th century needed to raise funds for their services. In some countries, this was achieved via advertising, while others adopted a compulsory subscription model with households that owned a radio set being required to purchase a licence. The United Kingdom was the first country to adopt compulsory public subscription with a licence, originally known as a wireless licence, used to fund the BBC. In most countries that introduced radio licensing, possession of a licence was simply an indication of having paid the fee. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic goods, good, usually a resource, that specifically has full or substantial fungibility: that is, the Market (economics), market treats instances of the good as equivalent or nearly so with no regard to who Production (economics), produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot market, spot and derivative (finance), derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand, brand name) other than price. Most commodities are raw materials, basic resources, agriculture, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Riders
In economics, the free-rider problem is a type of market failure that occurs when those who benefit from resources, public goods and common pool resources do not pay for them or under-pay. Free riders may overuse common pool resources by not paying for them, neither directly through fees or tolls, nor indirectly through taxes. Consequently, the common pool resource may be under-produced, overused, or degraded. Additionally, despite evidence that people tend to be cooperative by nature (a prosocial behaviour), the presence of free-riders has been shown to cause cooperation to deteriorate, perpetuating the free-rider problem. In social science, the free-rider problem is the question of how to limit free riding and its negative effects in these situations, such as the free-rider problem of when property rights are not clearly defined and imposed. The free-rider problem is common with public goods which are non-excludable and non-rivalrous. The non-excludability and non-rivalry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Individual Mandate
An individual mandate is a requirement by law for certain persons to purchase or otherwise obtain a good or service. United States Militia act The Militia Acts of 1792, based on the Constitution's militia clause (in addition to its affirmative authorization to raise an army and a navy), would have required every "free able-bodied white male citizen" between the ages of 18 and 45, with a few occupational exceptions, to "provide himself" a weapon and ammunition. (See Conscription.) The Militia Acts were never federally enforced, so their constitutionality was never litigated. Seaman relief act An Act for the relief of sick and disabled seamen, signed into law by President John Adams in 1798, required employers to withhold 20 cents per month from each seaman's pay and turn it over to a Collector of the Federal Treasury when in port, and authorized the President to use the money to pay for "the temporary relief and maintenance of sick or disabled seamen," and to build hospitals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
