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Yes it would be incorrect.

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6y ago
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DYLAN PARRA

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1y ago
250 million copies was sold

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Q: Why would it be incorrect to call Monopoly a fad?
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Continue Learning about Economics

What is the meaning of the proverbs-' fad of the month'?

A fad is a certain craze or a suddenly trending item that may soon disappear. The fad of the month may be a certain dressing style, fashion item or a topic that is expected to be replaced by yet another fad by the next month.


What happens first when the demand for a fad peak and falls?

The price goes down, and the quantity supplied goes up


What happens after the demand for a fad drops?

The price goes down, and the quantity supplied goes up


If the demand for a certain product falls. the demand curve shifts to the right and its price and quantity increase.?

Basically, it is supply and demand. For instance, a toy (a) becomes popular, with parents frantic to buy one for their demanding child. So manufacturers increase production, shops stock as much as they can and can charge an increased price, and customers are happy to get (a) for their child. But, eventually, nobody wants to buy (a) anymore. The fad has ended! With the fall in demand, manufacturers reduce production or stop production entirely. Unsold supplies left on the shelves in shops are sold off at a reduced price. Yesterday's fad becomes offered at jumble sales and car boot sales!


Is fair trade a fad or a trend?

The principle of fair trade should always be there,as Honesty always pays in the long run. It cannot be denied that in the environment the businessmen are to work be it a developed or developing country,they are forced to resort to unethical or unfair practices for survival. Paying bribes to grease the palm of Govt. official, taking advantage of loopholes of Govt. legislations are part of their daily business activities.Even Bill Gates or Ratan Tata cannot swear in the name of God that they have never adopted any unfair or malpractices in their long eventful career ! This is not to undertimine the importance of fair trade,though it might look a fad or a trend to many of the present day genre.The teachings of our messiahs,religious teachers,scholers to practice fairness in every sphere of life (be it trade) will not be frustrated and will remain vivid in thousand years to come !