Examlex
In this selection Locke sets forth his psychological state theory of personal identity, locating the criterion of personal identity in terms of consciousness (personality, character, and, especially, memory). He says that personal identity consists in "the sameness of a rational being [consciousness]." This consciousness can take on different bodily forms and still preserve the same identity. It is possible for a prince to switch bodies with a cobbler, yet the prince would still be the prince.
-Locke says that personal identity would be preserved even if the same consciousness were annexed to one individual substance or a succession of substances.
Arbitrage
The process of buying and selling assets or securities across different markets or forums to profit from price differences.
Vertical Contracts
Agreements between firms at different levels of the supply chain, such as between a manufacturer and a retailer, aimed at controlling or coordinating activities.
Costly Activities
tasks or operations that require a high expenditure of resources, such as time, money, or labor.
New Product
A good, service, or idea that has not previously been brought to the market by its seller.
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