Quotes About Transaction

A bargain is a bargain.

there wouldn't be any buying it on FamousRainforest and having it auto-shipped to her location.

These costs include the time, effort, and money spent in the process of doing business—both those incurred by the buyer in addition to the actual price paid, and those incurred by the seller in making the sale.11

Transaction costs can arise before any business is done. Locating potential trading partners may be costly and time-consuming. Comparing alternative sellers and choosing among them takes effort by the buyer. The quality of the goods for sale is often not immediately apparent, and the buyer may have to go to some trouble to evaluate it. If it cannot be reliably checked, the buyer might be reluctant to purchase.

Transaction costs use up resources in ways that are unrelated to the actual value of the business to be done. In the extreme, transaction costs can cause markets to be dysfunctional.

A still more extreme market malfunction occurs if the costs of transacting are so high as to swamp any potential benefits from the deal. Transaction costs can thwart exchanges that would otherwise be worthwhile. Unemployment exists, for example, not simply because there are too few jobs, but also because transaction costs in the labor market prevent some employers and job seekers from connecting with each other. A new way of doing business that lowers transaction costs can benefit everyone.

However, lowering transaction costs is a task not only for entrepreneurs, but also for public policy. The government has the responsibility to establish and maintain an environment within which markets can work efficiently. (I will refer to this aspect of market design as formal or top-down.)

In other words, certain kinds of transaction costs have been lowered by the internet: the cost of acquiring information, the time, effort, and money needed to learn what is available where and at what price.

Content is power in today's world, and if you can own that content, create it and make interaction more of an experience than a transaction, you create a different kind of loyalty.

Faith is the collateral of heaven. It is what you use to trade with in heaven.

Alucinaste cuando, a finales de mes, apareció dinero en tu desértica cuenta bancaria. ¡El milagro del trabajo! Y al mes siguiente, otra vez. Era una transacción alquímica muy sencilla. Tú tenías que llegar a la oficina a las diez, quedarte allí hasta la tarde, hacer lo que te mandaran y, al final, te daban dinero.

It is important to realize that fights and interviews are two-way energy exchanges.

This nickel, unlike most money, has actually done a job of work, has been physically responsible for a reaction.

You go steal that tire an' you're a thief, but he tried to steal your four dollars for a busted tire. They call that sound business.

Finance is the art of passing currency from hand to hand until it finally disappears

In my experience, anybody besides your mom that feeds you is going to want something in exchange for it.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

It stands to reason that if sacrifices are being given, somebody is collecting sacrifices.

There are very honest people who do not think that they have had a bargain unless they have cheated a merchant

Ben paid the $45 fare with a fifty and un-assed the vehicle.

ZODB, for example, is similar to Python's shelve but addresses many of its limitations, better supporting larger databases, concurrent updates, transaction processing, and automatic write-through on in-memory changes (shelves can cache objects and flush to disk at close time with their writeback option, but this has limitations: see other resources).

I went to a garage sale. 'How much for the garage' 'It's not for sale.'

I bought a doughnut and they gave me a receipt for the doughtnut... I don't need a receipt for the doughnut. I give you money and you give me the doughnut, end of transaction. We don't need to bring ink and paper into this. I can't imagine a scenario that I would have to prove that I bought a doughnut. To some skeptical friend, 'Don't even act like I didn't get that doughnut, I've got the documentation right here... It's in my file at home. ...Under "D".'

I sold my house this week. I got a pretty good price for it, but it made my landlord mad as hell.