destroyer pricing

Price dumping: the act of a manufacturer in one country exporting a product to another country at a price which is either below the price it charges in its home market or is below its costs of production.


Destroyer pricing: the practice of selling a product or service at a very low price, intending to drive competitors out of the market, or create barriers to entry for potential new competitors. If competitors or potential competitors cannot sustain equal or lower prices without losing money, they go out of business or choose not to enter the business. The predatory merchant then has fewer competitors or is even a de facto monopoly, and hypothetically could then raise prices above what the market would otherwise bear.

To ask the right question is already half the solution of a problem. ~ Carl Jung
I am opposed to millionaires, but it would be dangerous to offer me the position." ~ Mark Twain

Prescience

Prescience – knowledge of actions or events before they happen
Forethought
Prudence
Insight – the ability to see clearly and intuitively into the nature of a complex person, situation, or subject
Steadfast – firm and unwavering in purpose, loyalty, or resolve
Resolute – motivated by or displaying determination and purposefulness
Unwavering
Unfaltering
Persistent
Committed
Dedicated
Unswerving – firm and unchanging in intent or purpose
Loyal
Trusty
Dependable
Stalwart – hard-working loyal supporter
Faithful
Reliable
Trustworthy
Devoted
Belittling
Ridicule – to reduce or dismiss the importance or quality of sb or sth in a contemptuous way

Competitor

Debacle – a sudden disaster, defeat, or humiliating failure
Disaster
Catastrophe
Fiasco
Shambles – a failure caused by inadequate planning or organization
Tragedy
Devastation
Calamity – a disastrous situation or event
Misfortune
Precedent – an action or decision that can be used subsequently as an example for a similar decision or to justify a similar action.
Example
Model
Guide
Pattern
Standard
Instance – an occurrence of sth
Contender – a competitor, especially sb who has a good chance of winning
Candidate
Nominee
Competitor
Contestant
Challenger
Runner

Awesome

Formidable – difficult to deal with or overcome
Difficult
Tough
Daunting
Intimidating
Formidable – inspiring respect or wonder because of size, strength, or ability
Impressive
astounding
Awesome
Amazing
Formidable – causing fear, dread, or alarm
Alarming
Frightening
Dreadful
Fearsome
Redoubtable
Terrifying

1. The power of Mobile Money
2. Double, not Quits

Exonerates – to declare officially that sb is not to blame or is not guilty of wrongdoing
Flip – to turn the pages of a magazine or book quickly
Toss
Spin
Flick – a quick jerking movement
Verdict – the finding of a jury on the matter that has been submitted to it in a trial
Decision
Judgment
Finding
Outcome
Decree
Conclusion
Acquittal – a judgment given by a judge or jury that sb is not guilty of a charge
Release
Freeing
Exoneration
Ostensibly – presented as being true, or appearing to be true, but usually hiding a different motive or meaning
Hail – to praise or approve a person, action, or accomplishment with enthusiasm
Pawn - to leave sth with a pawnbroker as security against money borrowed

A protectionist move that is bad politics, bad economics, bad diplomacy and hurts America. Did we miss anything? more: Economic Vadalism

Deep Recessions Has Steep Recoveries - Zarnowtiz Rule

1. Former IMF Chief Economist Michael Mussa on Recovery: Throw Out the Forecast

In great contests ech party claims to act in accordance with the will of God. Both may, and one must be, wrong. God cannot be for and agaist the same thing at the same time. (Abraham Lincoln, "Meditation on the Divine Will," 1862)

Right to Die?

Nancy Beth Cruzan was a beautiful lady married with a happy family but unfortunately suffered from an automobile accident that left her in vegetative state, living on life supporting tube. Her family filed a motion to remove that tube. The court initially rejected and later on, based on evidence of her wish to die, allowed her family to remove the tube, which ultimately led to her death.

Should someone be allowed to commit suicide? Or who can make the decision if someone is allowed to die?

Do we have the right to die?

Written by: An Endless Journey

Correlation versus Causation

When people are attempting to think economically, another trap they may fall into is assuming that because two variables changed sumultaneously, one caused the other to happen.

When politicians attempt to take credit for good economic times with the claim that their policies caused the good ecnomic times to happen, we must be suspicious. Of course we must be equally suspicious if they attempt to pin the blame on their incumbent opponent if bad economic times existed in their opponent's time in office. While their claims may be true, it is perfectly plausible that the policies and the cconomy were unrelated, or that the economy did well or did poorly despite the policies.

more click: Issues in Economics Today

Fallacy of Composition

One of the key traps to thinkig economically is assumin gthat the total economic impact of something is always and simplyy equal to the sum of the individual parts.

Imagine a cake. Now imagine the ingredients that go into making the cake. Imagine eating the cake and the satisfaction you get from that. Now campare that level of satisfaction to what you would have if you separately poured flour, sugar, and baking powder down your throat, washed it down with a couple of raw eggs and some cooking oil, and then stuck your head in an oven. The baked combination is obviously better than its individual parts.

The two can be, and often are, different.
more click: issues in economics today guell 4th edition

The experience curve

The more experience a firm has in producing a particular product, the lower its costs

The experience curve is an idea developed by the Boston Consulting Group (BCG) in the mid-1960s. Working with a leading manufacturer of semiconductors, the consultants noticed that the company’s unit cost of manufacturing fell by about 25% for each doubling of the volume that it produced. This relationship they called the experience curve: the more experience a firm has in producing a particular product, the lower are its costs.

In practice, new firms enter old industries all the time, and before long many of them become major players in their markets.

For example, experience can be gained not only first-hand, by actually doing the production and finding out for yourself, but also second-hand, by reading about it and by being trained by people who have first-hand experience. Furthermore, firms can leapfrog over the experience curve by means of innovation and invention. All the experience in the world in making black and white television sets is worthless if everyone wants to buy colour ones. Read yourself click economist.com

GDC | Economist Conferences

GDC | Economist Conferences

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Reminder

Remember that " every transaction has two effects."

Legend of Preah Ko Preah Kaev

According to the legend, the citadel of Lovek was so large that no horse could gallop around it. inside were two statues, preah ko ("sacred cow") and preah kaev ("sacred precious stone"); inside the bellies of these statues, "there were sacred books, in gold, where one could learn formulae, and books where on e could learn about anything in the world... Now the king of Siam wanted to have the statues, so he raised an army and came to fight the Cambodian king."


After opening up their bellies, the legend tells us, "they were able to take the books which were hidden there and study their contents. For this reason [emphasis added] they have become superior in knowledge to Cambodians, and for this reason the Cambodians are ignorant, and lack people to do what is necessary , unlike other countries."

Purchase book at Amazon.com:
A History of Cambodia - David Chandler

http://willyoumarryme2010.blogspot.com/

Tough Times Never Last but Tough People Do - Robert Harold Schuller

• "That's right, Dr. Schuller. These people are losing their farms. Their businesses are going bankrupt. Terrible pressures are being placed on their marriges and families. They need help. And more than anything else they need hope. Give it to them.
  
• They tell me that you are having tough time. Is that right? Read more...
  
• scribd.com
  

Creative Destruction

In capitalist reality...it is ... competition from the new commodity, the new technology, the new source of supply, the new type of business organization - competition which commands a decisive cost or quality advantage and which commands a decisive cost or quality advantage and which strikes not at the margins of profits of the existing firms but at their foundation and their very lives. This kind of competition is ... so... important that it becomes a matter of competition indifference whether competition in the ordinary sense functions more or less promptly; the powerful lever that in the [very] long run expands output and brings don prices is in any case made of other stuff.


...neglects the ability of powerful established firms to erect private storm shelters --or lobby government to build public storm shelters for them --in order to shield themselves from the Schumpeterian gales of creative destruction. It ignores the difference between the legal freedom of entry and the economic reality deterring the entry of potential newcomers into concentrated industries.

Find this book on Amazon.com:
McConnell Brue Economics

The Challenge of economics

Terms:

• Price signals
• Market failure
• Economic goals
• Market signals
• Government intervention
• Mixed economy
  
• WHAT
  
• No Free Levees (there is no free lunch)
  
• Ends versus means
• Markets versus government (invisible versus visible hand)
  
• Opportunity cost (trade-offs)
  
• Production possibilities curve
• laissez faire (leave it alone)
  
• ceteris paribus
  
• Dead wrong (completely wrong)
  
• Get things right
• To improve
• To attain
• To predict
  
• Impact on
• Micro behavior
• Macro behavior
  
• Economic outcomes
• Big picture

Readings

• Critical thinking
• Skill
• Motivation
  

Does Good GDP data bring Only GoodNews?

Here visible cost thing to check:

• Global warming
  

Don't Waste Born Resource

The resource should be used effectively until we give it back .

C U AFTER LUNCH

It is truth that today You look more beautiful than the other day I met you.
c u after lunch

Don't Put Out the Fire, Let it Burn - Adam Werback

Forest fires are an essential part of a healthy ecosystem. They rid the forest of underbrush that otherwise could serve as fuel for an even larger fire. Recessions are the economy's forest fires — while painful, they seem to be necessary. Rather than compensating for dips in the economy, prepare for them as opportunities to rid your company of excess and develop your organization's resilience. When the fire is out, discover the room you now have for new things to grow — new ideas, new strategies, and new opportunities.