The pooling of resources and coordination of effort and activity by a group of people to achieve common goals is called

Question

Quizplus · Accepted Answer

Collective action refers to the pooling of resources and coordination of efforts by a group of individuals towards a common goal. Free riding is the act of benefiting from a public good without contributing to its production, informal bargaining refers to negotiations or discussions done without a formal agreement, and formal bargaining refers to negotiations or discussions done within the framework of a formal agreement or contract.

The Pooling of Resources and Coordination of Effort and Activity