friction-free capitalism

friction-free capitalism
A term coined by the US founder of Microsoft, Bill Gates (1955- ), to refer to the enhanced efficiency of markets resulting from the widespread use of the Internet; this is held to have abolished such traditional market imperfections as physical distance, lack of information, lack of choice, and local regulation.

Big dictionary of business and management. 2014.

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  • friction-free capitalism — n. An extremely efficient market in which buyers and sellers can find each other easily, can interact directly, and can perform transactions with only minimal overhead costs. Example Citations: We have waited a long time for broad based… …   New words

  • fiduciary capitalism — (fi.DOOSH.ee.ayr.ee kap.uh.tuh.liz.um, fi.DOO.shuh.ree) n. A capitalist model in which corporations are influenced and guided by shareholders, particularly large institutional shareholders such as pension funds and mutual funds – that act on… …   New words

  • crony capitalism — n. A capitalist economy in which business contracts and appointments are awarded to friends and family rather than by tender or merit. Example Citations: Most of these oft stated causes for the Asian currency crisis alleged corruption, crony… …   New words

  • philanthrocapitalism — n. Philanthropy that uses the principles, models, and techniques of capitalism. Also: philanthro capitalism. [Blend of philanthropy and capitalism.] philanthrocapitalist n. Example Citations: Much of the strength of the philanthrocapitalism… …   New words

  • Market-Leninism — n. An economic system that combines aspects of both capitalism and communism. Example Citations: Consider a country like China, which has made a transition from Marxism Leninism to what an observer brilliantly called Market Leninism. Asad Latif,… …   New words

  • handicapitalism — (han.dee.CAP.i.tul.iz.um) n. The marketing and selling of goods and services to people with disabilities. Example Citation: How much are disabled spectators worth to the industry? Insiders refer to the topic as handicapitalism. And some thinkers… …   New words

  • Economics — agflation Anglosphere attention economics bionomics brain waste brickor mortis BRICs caponomics …   New words

  • Fifth Amendment capitalist — (fifth uh.MEND.munt KAP.uh.tuh.list) n. An American executive who invokes the Fifth Amendment of the U.S. Constitution to avoid giving testimony regarding possible wrongdoing at his or her company. Example Citation: We haven t reached the stage… …   New words

  • Amazon — v. To take away business from a more established rival by being the first to build an online presence. Example Citation: Although [Amazon.com CEO Jeff] Bezos emphasizes his obsession with the customer and plays down his concern with rivals, the… …   New words

  • B2B — adj. Business to business; describes transactions in which one company sells a service or product directly to another company. Example Citation: Online retail sales have risen from nothing to about $20 billion. Business to business transactions… …   New words

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