Frictions is 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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). frictions. Retrieved September 20, 2026, from http://smartdefine.org/frictions/definitions/1154589 |
| Chicago | Barry Goldsmith. 2010. "frictions" http://smartdefine.org/frictions/definitions/1154589 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, frictions, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/frictions/definitions/1154589>. |
| MLA | Barry Goldsmith. "frictions" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/frictions/definitions/1154589> |