
WEALTH PYRAMID: A handy technique that many getrichquick schemes use to transfer a little wealth from a lot of people into the overflowing pockets of a few. In works in this mannerA person or business establishes a multilevel pyramid of investors, employees, or "distributors." Each level is responsible for recruiting the next level beneath it. The trick is that each distributor at one level recruits several distributors into the next lower level in an everexpanding fashion. Each recruit transfers a little, teeny, tiny bit of their own wealth to the next higher level. In that each higher level has fewer members, that little, teeny, tiny bit of wealth accumulates rapidly, making those at the top incredibly welloff.
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COEFFICIENT OF ELASTICITY A numerical measure of the relative response of one variable to changes in another variable. The coefficient of elasticity is used to quantify the concept of elasticity, including price elasticity of demand, price elasticity of supply, income elasticity of demand, and cross elasticity of demand. The coefficient can be calculated using the simple endpoint or midpoint formulas or with more sophisticated calculus and logarithmic techniques.
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BEIGE MUNDORTLE [What's This?]
Today, you are likely to spend a great deal of time at an auction trying to buy either several magazines on fashion design or a package of 3 by 5 index cards, the ones without lines. Be on the lookout for vindictive digital clocks with revenge on their minds. Your Complete Scope
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.


"The moment you let avoiding failure become your motivator, you're down the path of inactivity. "  Roberto Goizueta, CocaCola CEO


NBER National Bureau of Economic Research


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