Does the Fact That Diamonds, Which We Do Not Need

question 274

Essay

Does the fact that diamonds, which we do not need to survive, are more expensive than water, which is a necessity, constitute a violation of utility maximization?

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Definitions:

Securities And Exchange Commission

A U.S. federal agency responsible for enforcing the federal securities laws and regulating the securities industry, stock and options exchanges.

Crowdfunding

A cooperative activity in which people network and pool funds and other resources via the Internet to assist a cause (such as disaster relief) or invest in a business venture (such as a startup).

Raise Capital

The process of generating funds or resources for a business or project, typically through investments, loans, or selling equity.

Public

Pertains to the community as a whole or the people of a society.