Introducing the Pricing Dictionary
Friday, October 9, 2015
As an economist, I've had my share of odd conversations about investments. I recently referred to one company's products as a commodity and my discussion partner readily agreed. Unfortunately we were using the term "commodity" very differently.
I used the economic definition of a commodity: a generic good for which there are many equivalents. He utilized the more common definition that relates to the phrase hot commodity.
Clearly, intelligent discussions can benefit from a common language. For this reason, I'm launching a glossary of pricing terms. It's small now but will grow with time.