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ZERO-SUM GAME: A situation in which a fixed amount is divided up among the winners and losers. In a zero-sum game the wins equal the losses. Many stock market, or financial market, exchanges are zero-sum. One person buys low and sells high, while another buys high and sells low. The wealth in such transactions are merely transferred from one person to another. "Productive" market transactions, in contrast, are not zero-sum. The act of producing goods and services from resources that are consumed to satisfy wants and needs results in a net gain to society.
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                           There are 108 entries in the WEB*pedia starting with the letter P. Entries 1 through 35: - paper economy
- paradox of thrift
- part-time workers
- partnership
- paternalism
- payment flow
- peak
- per unit tax
- perfect competition
- perfect competition, characteristics
- perfect competition, demand
- perfect competition, efficiency
- perfect competition, factor market analysis
- perfect competition, long-run adjustment
- perfect competition, long-run equilibrium conditions
- perfect competition, long-run production analysis
- perfect competition, loss minimization
- perfect competition, marginal analysis
- perfect competition, profit analysis
- perfect competition, profit maximization
- perfect competition, realism
- perfect competition, revenue division
- perfect competition, short-run production analysis
- perfect competition, short-run supply curve
- perfect competition, shutdown
- perfect competition, total analysis
- perfectly elastic
- perfectly inelastic
- personal consumption expenditures
- personal income
- personal income and national income
- personal tax and nontax payments
- personal taxes
- phenomenon
- physical flow
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BUSINESS As UsualIn the same mini-mall with Dr. Nova Cain's dental offices and Smilin' Ted's All Comers Insurance Agency, resides Manny Mustard's House of Sandwiches -- one of those small, out-of-the-way, off-the-wall sorts of restaurants that has great food, excellent service, and plenty of atmosphere. Manny, the proprietor, is a good friend of mine who's struggling to turn his dream of restauranteering into reality. His restauranteering dream doesn't stop with one small, out-of-the-way, off-the-way restaurant with great food, excellent service, and atmosphere. No, Manny is shooting for a nation-wide chain of Manny Mustard's House of Sandwiches. He wants to go from being an overworked, underappreciated member of the third estate to a member of the second estate who overworks and underappreciates others. To help out my good friend Manny, let's take a long, hard look at the differences between small business and the larger, Fortune 500 kind.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either pink cotton balls or a genuine down-filled comforter. Be on the lookout for malfunctioning pocket calculators.
Your Complete Scope
This isn't me! What am I?
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The penny is the only coin minted by the U.S. government in which the "face" on the head looks to the right. All others face left.
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"Try not to become a man of success, but rather try to become a man of value. " -- Albert Einstein
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SFA
Securities and Futures Authority (UK)
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