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EQUIPMENT: One of the main categories of capital. Other categories are structures and inventories.
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SIGNALLING When confronted by asymmetric information, the use of small bits of information, or indicators, that suggest more comprehensive information. Signalling is used by those with more information to reduce the cost of informing those with less information. It is commonly used in markets with adverse selection. Methods of signalling include advertising, brand names, and warranties. A related method is screening.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time looking for a downtown retail store trying to buy either a wall poster commemorating the first day of winter or blue cotton balls. Be on the lookout for celebrities who speak directly to you through your television.
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This isn't me! What am I?
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More money is spent on gardening than on any other hobby.
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"One person with a belief is equal to a force of ninety-nine with only interests." -- John Stuart Mill
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OECD
Organization for Economic Co-operation and Development
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