A matrix scheme (also known as a matrix sale or site, and as a hellevator, escavator or ladder scheme) is a business model involving the exchange of money for a certain product with a side bonus of being added to a waiting list for a product of greater value than the amount given. Matrix schemes are also sometimes considered similar to Ponzi or pyramid schemes. They have been called unsustainable by the United Kingdom's Office of Fair Trading. A matrix scheme is also an example of an 'exploding queue' in queueing theory.
Read more about Matrix Scheme: History, Operation, In Queueing Theory, Legality
Famous quotes containing the words matrix and/or scheme:
““The matrix is God?”
“In a manner of speaking, although it would be more accurate ... to say that the matrix has a God, since this being’s omniscience and omnipotence are assumed to be limited to the matrix.”
“If it has limits, it isn’t omnipotent.”
“Exactly.... Cyberspace exists, insofar as it can be said to exist, by virtue of human agency.””
—William Gibson (b. 1948)
“I have no scheme about it,—no designs on men at all; and, if I had, my mode would be to tempt them with the fruit, and not with the manure. To what end do I lead a simple life at all, pray? That I may teach others to simplify their lives?—and so all our lives be simplified merely, like an algebraic formula? Or not, rather, that I may make use of the ground I have cleared, to live more worthily and profitably?”
—Henry David Thoreau (1817–1862)