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2016 | OriginalPaper | Buchkapitel

1. Alternative Investments on Contemporary Financial Market

verfasst von : Ewelina Sokołowska

Erschienen in: The Principles of Alternative Investments Management

Verlag: Springer International Publishing

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Abstract

Investing constitutes an essential factor in economic growth and development. Investments also function as the main manner of expanding capital. There are many definitions of the term ‘investment’. One of most well-known definitions, considered as a classic one, is the concept proposed by Hirshleifer (1958). He claimed, that investing involves sacrificing the current goods in exchange for uncertain benefits in the future. In an economic sense, an investment is a purchase of goods that are not consumed today, but are used in the future to create wealth. This definition indicates few important characteristics of investments. Firstly, an investment denotes an investor’s abandonment of current consumption, for which he/she expects a certain reward (a benefit). Secondly, an investment is realized during a certain period of time, which means that the investor can receive the reward in the future. Thirdly, future benefits constituting the reward are uncertain.

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Titel: Alternative Investments on Contemporary Financial Market
verfasst von: Ewelina Sokołowska
Verlag: Springer International Publishing
Buch: The Principles of Alternative Investments Management
Print ISBN: 978-3-319-13214-3

Electronic ISBN: 978-3-319-13215-0

Copyright-Jahr: 2016
DOI: https://doi.org/10.1007/978-3-319-13215-0_1