Most economic activities bunch or cluster in time because:
A) that is how social activities proceed.
B) most people have the same biological clock.
C) it reduces the possible obstacle of coordinating things among others.
D) it pays to coordinate your economic actions with those of others.

Question

Quizplus · Accepted Answer

It pays to coordinate your economic actions with those of others. When economic activities are clustered in time, it is easier to coordinate schedules and reduce transaction costs. For example, businesses may schedule meetings and conferences during a particular time period to reduce travel expenses and increase attendance. Similarly, consumers may wait for sales or promotions to make purchases. Therefore, it is in the interest of individuals and businesses to coordinate their economic activities with others.

Most Economic Activities Bunch or Cluster in Time Because