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Defenition of the word pyramid scheme

    • Defenition of the word pyramid scheme

      • A non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, without any product or service being delivered.
      • a fraudulent scheme in which people are recruited to make payments to the person who recruited them while expecting to receive payments from the persons they recruit; when the number of new recruits fails to sustain the hierarchical payment structure the
      • a fraudulent scheme in which people are recruited to make payments to the person who recruited them while expecting to receive payments from the persons they recruit; when the number of new recruits fails to sustain the hierarchical payment structure the scheme collapses with most of the participants losing the money they put in

    Hypernyms for the word pyramid scheme

      • scheme
      • strategy

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