Transaction
in sentence
299 examples of Transaction in a sentence
So we need to emphasize the
transaction
a little bit more.
But sometimes it may be helpful to not think in transactional ways, to eliminate the transaction, to make it a little bit more invisible.
When you say "You're welcome" next time, think about how you can maybe eliminate the
transaction
and instead strengthen that social tie.
So 34 cents foreign
transaction
fee.
And whenever I go to America, and I have to pay with a mag stripe on the back of the card, I always sign it Carlos Tethers anyway, just as a security mechanism, because if a
transaction
ever gets disputed, and it comes back and it says Dave Birch, I know it must have been a criminal, because I would never sign it Dave Birch.
But just as the Internet drops
transaction
and collaboration costs in business and government, it also drops the cost of dissent, of rebellion, and even insurrection in ways that people didn't understand.
So there's a
transaction
going on.
If two friends have a reciprocal transaction, like selling a car, it's well known that this can be a source of tension or awkwardness.
So imagine that the operators make their return by building a percentage markup into each
transaction.
And imagine that the consortia who bid to run it are told, whoever comes in at the lowest percentage markup on each
transaction
to fund the whole thing will get the deal.
It's not a commercial
transaction.
Cell phone geolocation, telecom metadata, social media, email, text, financial
transaction
data, transportation data, it's a wealth of real-time data on the movements and social interactions of people.
We know from our work around the continent that
transaction
costs of reaching the market, and the risks of transacting in rural, agriculture markets, are extremely high.
You do that for the course of the transaction, and when you're done, you liquidate the portfolio, pay back the bonds, and you can give the equity holders a nice return.
And this idea of the value chain was predicated on the recognition that what holds a business together is
transaction
costs, that in essence you need to coordinate, organizations are more efficient at coordination than markets, very often, and therefore the nature and role and boundaries of the cooperation are defined by
transaction
costs.
First of all, let's think about
transaction
costs.
There are really two components to
transaction
costs.
In particular, since the mid-'90s, communications costs have actually been falling even faster than
transaction
costs, which is why communication, the Internet, has exploded in such a dramatic fashion.
Now, those falling
transaction
costs have profound consequences, because if
transaction
costs are the glue that hold value chains together, and they are falling, there is less to economize on.
It was about falling
transaction
costs breaking up value chains and therefore allowing disintermediation, or what we call deconstruction.
It's happening because
transaction
costs are plummeting and because scale is polarizing.
The plummeting of
transaction
costs weakens the glue that holds value chains together, and allows them to separate.
We'll link that digital banking with biometric, and now women use the digital financial
transaction
by using the thumb.
M-Pesa in Kenya enables people to send money and receive money at a fixed cost of only 60 cents per
transaction.
U.S. Fed started a program with Mexico to enable money service businesses to send money to Mexico for a fixed cost of only 67 cents per
transaction.
And for me, as a service provider, I would never be able to provide you a car for an hour if the
transaction
cost was anything.
Let me just say that every unsecured
transaction
is a good example of a prisoner's dilemma.
But then they realized there was a problem with bitcoin, because every bitcoin
transaction
is actually recorded publicly in a public ledger.
Through the transaction, we create meaning together.
But this connection beyond the
transaction
is exactly what the sharing economy is aiming for.
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