Concept
Transaction Costs
Friction associated with finding suitable matches in marketplace settings.
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Concept
Transaction Costs
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… (00:06:42): In economics, we call those things transaction costs. When you take econ 1, you learn about markets and how supply meets demand, and we get prices out of that.
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Concept
Transaction Costs
Friction associated with finding suitable matches in marketplace settings.
Related Concepts1
Related Frameworks1
Related Practices2
Ask about this concept
Transcript mentions
… (00:06:42): In economics, we call those things transaction costs. When you take econ 1, you learn about markets and how supply meets demand, and we get prices out of that.