Word: pyramidal
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Tata hopes the Nano will help millions of poor people around the world - the "Bottom of the Pyramid" in developing world marketing-speak -switch from two wheels to four. Environmentalists, city planners and even some competitors, on the other hand, warn that the new vehicle will clog up India's crowded roads and add clouds of pollution to its already filthy...
...Indian consumers into four categories by their income and consumption patterns - 60 million people with high purchasing power, 100 million well on the road to that level of consumption, 100 to 150 million who have just started that journey, and the rest who are at the "bottom of the pyramid" or BOP, in Bijapurkar's shorthand. However, though its members earn less than a dollar a day, the BOP also forms a significant consumer base, says Bijapurkar, and businesses like microfinance have successfully tapped this segment. Indeed, Bijapurkar says, the vast majority of Indian consumers may have limitations but they...
...PYRAMID SCHEME?...
...It’s not that big a deal to get a postdoc if you want one,” Hughes says. “It’s a pyramid scheme. The next jump”—from postdoc to professor—“is really hard...
Hyman Minsky, an academic economist who died in relative obscurity in 1996 but is now the talk of Wall Street, had a colorful phrase to describe such people: "Ponzi borrowers," he called them, after the early 20th century pyramid-scheme perpetrator Charles Ponzi. Minsky argued that once banks got so sloppy that they handed out Ponzi loans, a financial crisis was inevitable...