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Economics of Religion
- The economics of religion applies economic theories and statistical tools to understand religion's role in society.
- It analyzes characteristics of religious communities, organizations, and the demand and supply of religious goods/services.
Religious Goods as Club Goods
- Religious goods and services encompass both the theological (doctrinal beliefs, afterlife) and communal aspects (worship, festivals).
- The "club good" characteristic means people enjoy religion more when shared.
Competition within Hinduism
- Hinduism's polytheistic nature and diverse sects/cults foster competition for adherents.
- This differs from Abrahamic faiths, where competition occurs more between denominations within a religion.