Frictions

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Related to friction: coefficient of friction

Frictions

The "stickiness" involved in making transactions; the total process including time, effort, money, and tax effects of gathering information and making a transaction such as buying a stock or borrowing money.

Frictions

The processes involved in making a transaction. For example, if one wishes to buy a stock, one must first determine the price, conduct research, comply with regulations, and spend time doing each of those things. Frictions include both monetary and non-monetary costs. They are associated with the relative difficulty of conducting a transaction. See also: Friction costs, Frictional unemployment.
References in periodicals archive ?
Continuous testing improves an agency's ability to measure friction through intersections and around curves, and provides a more comprehensive picture of how friction varies in a section of pavement.
Despite the large number of studies on friction surfaces with a partially regular microrelief, these surfaces are not widely used in practice, and some application attempts can lead to a negative effect.
SMEs encounter a range of frictions that slow or prevent them from fully exploiting the Internet's potential.
At GMP Friction Products, the interns are working to create automation projects using a robot and organize furnace line separators.
Now, a joint study by VTT Technical Research Centre of Finland and Argonne National Laboratory (ANL) in USA says new technologies such as new surface coatings, surface textures, lubricant additives, low-viscosity lubricants, ionic liquids and low-friction tyres inflated to pressures higher than normal, can reduce friction by anything from 10 percent to 80 percent in various components of a car.
The coefficient of rubber friction (f) may be defined as:
Experimental research findings presented in the paper show that the decrease of viscosity affects the friction process (variation of the friction coefficient).
Weigel says it is now possible to produce the required friction levels immediately after construction by applying Ultra High Water Pressure (UHWP) to the surface.
The software features a wide range of statistical and graphical information, including static coefficient of friction and kinetic coefficient of friction, with the ability to edit and define the field of data included in the kinetic friction calculator.
Motivation, value proposition, friction, incentives, anxiety--those are marketing fundamentals," says Hartman, "and marketers should work on each of those elements in that order.
Yet a single drop of a commercial eyewash, chosen to simulate sweat, slashed the plastic ball's coefficient of friction by 55 percent, the scientists claim.