Transaction
in sentence
299 examples of Transaction in a sentence
But small and medium sized enterprises (SMEs) – the majority of firms in both Latin America and Europe – find it difficult to trade and invest at international level, in part because of high
transaction
and information costs.
Every time we send a message, make a call, or complete a transaction, we leave digital traces.
By reducing
transaction
costs and removing exchange-rate uncertainty, the single European currency was expected to lead to fully integrated product and financial markets.
It is against this background that the euro was born, with the goal of boosting European economies by expanding their “local” market, lowering
transaction
costs, and facilitating the flow of information.
With this transaction, Sechin has built the largest publicly traded oil company in the world.
Official corruption, insecure property rights, stifling regulatory restraints, weak payment discipline, poor logistics and distribution, widespread counterfeiting, and vulnerability to other forms of intellectual-property theft: all of these obstacles increase
transaction
costs and make it difficult for entrepreneurs to thrive in domestic markets.
They can avoid all of the headaches that they would have encountered at home, because well-established economic institutions and business practices in their export markets protect their interests and greatly reduce
transaction
costs.
In order to enjoy the same low
transaction
costs that they have in exporting, China’s entrepreneurs need a much better business environment: an effective legal system, a sound regulatory framework, a government that protects their brands by fighting intellectual-property theft, dependable logistics and distribution networks, and a graft-resistant bureaucracy.
Links in these chains include not only intermediate products and assembly, but also a growing range of services – research and development, design, maintenance and support, customer service, business processes, and more – as transaction, coordination, and communication costs fall.
Long ago, the advantage of a firm was that it lowered
transaction
costs (an idea first clearly expressed by the Nobel laureate economist Ronald Coase), such as the costs of finding workers, assigning them to tasks, assessing productivity, and setting salaries.
Now that
transaction
costs are so low, the primary benefit of working at work is that the physical interactions foster an organizational culture and boost creativity, rather than efficiency or productivity, within an established routine.
The New Deal created an image of a commercial transaction, like the buyout of a company or an incentive package for executives – something that contracting parties bargain over and agree to.
A
transaction
involving potatoes happens at one point in time only: the buyer parts with her money, the seller parts with his tubers, and that is it.
A financial transaction, by contrast, happens over time: the borrower gets the money today and promises to repay in a month, year, or decade.
Second, the
transaction
cost of using a foreign currency as a medium of exchange is inversely proportional to the extent to which that currency is used globally.
With its GDP reaching only about 60% of America’s at its peak in 1991, Japan never attained the critical mass required to induce foreigners to use the yen to lower
transaction
costs.
His 1937 paper “The Nature of the Firm” introduced the concept of
transaction
costs into discussions of a firm’s structure, function, and limitations.
German unity was not a question of the heart’s desire; it was “a mundane business transaction, in which no one should lose, but everyone should grab as much as they could for themselves.”
The argument that all parties – surrogate mothers, babies, and commissioning parents – benefit from the
transaction
has not withstood scrutiny.
Moreover, given that
transaction
costs often take a big slice of remittances, aid mechanisms could be used to create safe and cheap channels for financial flows, especially where private money cannot easily reach remote rural areas, as is often the case in Africa or Asia.
These new rules have certainly pushed
transaction
costs higher.
The distributed-ledger technology underpinning cryptocurrencies can be used to reduce
transaction
costs and eliminate risks across multiple financial and trading activities.
This reflects the fact that the market in dollar-denominated assets is exceptionally deep and liquid, which limits
transaction
costs.
Once banks offer new assets denominated in renminbi, more customers will be drawn into the market, thereby adding liquidity and reducing
transaction
costs for purchases of renminbi in European currencies.
With this battle won, the next worthy goal is a global financial
transaction
tax.
Meanwhile, local governments in Northeast China continue to struggle with the supply-side structural reforms needed to tackle overcapacity, excessive leverage, high
transaction
costs, and gaps in technology upgrading.
As long as the borrower has not misled the lender at the time of taking the loan, the lender bears at least some responsibility for the
transaction.
Moreover, it looks likely that the outrageous fees charged for every debit
transaction
– a kind of tax that goes not for any public purpose but to fill the banks’ coffers – will be curtailed.
Although no currency is as of yet qualified to replace the dollar as the world’s reserve and
transaction
currency, this “exorbitant privilege,” as Charles de Gaulle put it, has come under stealthy attack.
By eliminating nominal exchange rate uncertainty, a common currency area has the additional benefit of lowering
transaction
costs and investment risks.
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