What is religious market theory?

Stark and Bainbridge propose the religious market theory: People are naturally religious and religion meets human needs, therefore the demand for religion remains constant. It is in human nature to seek rewards and avoid costs, people make choices and they weigh up the benefits of different available options.

What is a religious monopoly?

A religious monopolist, like an industrial monopolist, relies on the protective power of the State to prevent entry by new firms offering their product for a lower price or higher quality. (Note: Church is used here in its generic sense to mean the institutional structure of the relevant religion.)

What is the relationship between religion and economics?

For given religious beliefs, increases in church attendance tend to reduce economic growth. In contrast, for given church attendance, increases in some religious beliefs — notably heaven, hell, and an afterlife — tend to increase economic growth.

What is the type of religion?

The major religions of the world (Hinduism, Buddhism, Islam, Confucianism, Christianity, Taoism, and Judaism) differ in many respects, including how each religion is organized and the belief system each upholds.

What is religious competition?

Religious competition is a common feature of pluralistic societies where religious groups compete for adherents, as well as for scarce resources like funds and space, both among themselves and with secular groups. More abstractly, they compete for hegemonic status in people’s personal and social lives.

How does religion help the economy?

Religious practice is an efficient and effective catalyst of socio-economic growth. In the United States religious organizations produce substantial economic revenue, provide substantial social capital through its civic and social networks, and foster human capital growth in its citizens.

Which is major religion in world?

Christianity is the largest religion in the world, with roughly 2.4 billion adherents, or 33% of the total population. Christianity has seen countless reformation movements, which spawned innumerable sects and offshoot denominations.

What are the 10 types of religion?

The world’s faithful account for 83% of the global population; the great majority of these fall under twelve classical religions–Baha’i, Buddhism, Christianity, Confucianism, Hinduism, Islam, Jainism, Judaism, Shinto, Sikhism, Taoism, and Zoroastrianism.

What is the theory of the religious market?

Stark and Bainbridge propose the religious market theory: People are naturally religious and religion meets human needs, therefore the demand for religion remains constant. It is in human nature to seek rewards and avoid costs, people make choices and they weigh up the benefits of different available options Continues…

How is religious economy related to rational choice theory?

By offering an array of religions and religious products, a competitive religious economy stimulates such activity in a market -type setting. The field applies rational choice theory to the theory of religion such that supply and demand are used to model the development and success of organized religions.

How does Stark and Bainbridge propose the religious market theory?

Stark and Bainbridge propose the religious market theory: People are naturally religious and religion meets human needs, therefore the demand for religion remains constant. It is in human nature to seek rewards and avoid costs, people make choices and they weigh up the benefits of different available options

How does a religious economy help religious consumers?

An economy makes it possible for religious suppliers to meet the demands of different religious consumers. By offering an array of religions and religious products, a competitive religious economy stimulates such activity in a market-type setting.