Revised November 11, 2013
This is the second set of Axioms in the Axioms of Economics. This is the Products and the Open Market set. There are 24 Axioms in the Products and the Open Market set.
This set gives the definition of a Product. Only you the Producer create Markets. The Producers create energy and flow the energy into the Market.
There is more information on Products and the Open Marker on the web site http:youcreatemoney.com. There are10 articles in the category titled Open Market Economics. These articles go into much more detail on Products and the Open Market.
26. A product is a good or a service that is:
A. Exchanged on the Open Market (open to all on equal terms.)
B. Needed and wanted and
C. Does not harm the prosperity of the individual, family, organization, society, mankind and environments.
27. One does not decide to back money with production, production backs money.
28. A created commodity, trade, good or service is not classified as a product unless that good or service is marketed and sold on the Open Market.
29. A commodity, trade, good or service is not a product if it causes destruction to the individuals, families, societies, mankind and the environment.
30. A good or a service that causes destruction to the individual, family, organization, society, mankind and environment is a criminal product.
31. A purposely directed pro-prosperity action or activity gives the Producing individual a product.
32. Production is converted into money units and the money units are a measure of the value of the production.
33. All money value is backed by production.
34. Production creates the value inherent in money.
35. Production has exchange value.
36. Criminally produced commodities, trades, goods and services do not and cannot give money value.
37. Criminally produced commodities, trades, goods and services decrease and destroy money value and destroy the prosperity of the individual, family, society, mankind and the environment.
38. Money cannot and must not ever be treated as a product.
39. Producers are the creators and constructors of Markets.
40. Non-producers and counter-producers destroy and destruct Markets.
41. An Open Market occurs “only among Producers” and in numbers greater than one Producer. An Open Market occurs when Producers exchange commodities, trades, goods and services with each other.
42. An Open Market is established any time and anywhere commodities, trades, goods and services are exchanged between two or more Producers.
43. The greatest difference between the Open Market and the Free Market is; the Open Market does not allow for non-producer or counter-producer participation. The Free Market allows for non-producer and counter-producer participation.
44. Demand generates Market force.
45. Producers generate energy, value, wealth, capital and power through production and flow them into the Open Market.
46. Producers give Markets their energy.
47. Producers drive Markets and make them operate.
48. Non-producers and counter-producers siphon (suck) energy, value, wealth, capital and power out of Markets. They deflate Markets.
49. Any time you find an abnormally shrinking and collapsing Market, you can be sure you will find non-producers and counter-producers taking money, energy, value, wealth, capital and power out of the Market without a correct exchange for it in produced goods and services.
Producer Rewarded Open Market Economics
The Science of Economics
By RP Obrigewitsch
Revised November 11, 2013