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September 10, 2026 

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CAUSE AND EFFECT: The notion that every event in the universe is the direct result of a preceding event. The purpose of the scientific method is to identify these cause-and-effect relationships. This pursuit is based on a simple point of view: everything happens for a reason, something causes an event to happen. For every action there is a consequence. And for every consequence there is a cause.

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FREE-RIDER PROBLEM: The inclination to enjoy the benefit of a good without paying for it--if you don't have to. This is the main reason public goods are produced by government. Most people won't voluntarily pay for a public good, because excludability means they can get it without paying--a free ride. With a large number of free riders--perhaps everyone--voluntary payments like those occurring in markets won't provide enough revenue to pay production costs. The only way to finance public goods is to force free-riders, and everyone else, to pay through taxes.

     See also | public good | excludability | rival consumption | good types | market | taxes | production cost |


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FREE-RIDER PROBLEM, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: September 10, 2026].


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PAPER ECONOMY

Markets, exchanges, and other assorted economic activities that deal with legal or paper claims on physical assets rather than the physical assets. The vast majority of activities for the paper economy take place through financial markets. The paper economy complements production and consumption activities of the real economy that involve product markets and resource markets.

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BEIGE MUNDORTLE
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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors looking to buy either a small palm tree that will fit on your coffee table or several magazines on fashion design. Be on the lookout for neighborhood pets, especially belligerent parrots.
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The average length of a "business lunch" is about 36 minutes.
"Do not wait; the time will never be just right "

-- Napoleon Hill, author

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