Revised November 21, 2013
The Market is either based on barter or it is based on an exchange symbol. Today money is being used as the exchange symbol. Money is being used as the medium of exchange.
In the barter system, which is basic marketing, production is exchanged directly. It is exchanging production for production. The value of the exchanged commodities, trades, goods and services is established and defined in terms of products. An example would be 30 dozen eggs equals one coat, or one coat equals 30 dozen eggs. One gallon of milk could be defined in terms of having the value of 2 dozen eggs. Or it could be said that one television would have the value of 400 dozen eggs. We could define the value of all production in terms of eggs or milk or a standard television. Instead, we use the money symbol. The money symbol injected into the system acts as a medium. Money is a medium for value and energy transmission. All value of products and services is measured in money units.
In the Money Symbol Open Market System, the value of the exchanged produced commodities, trades, goods and services is established and defined in money units. The money units become packets of value. You can carry them in your pockets, wallet, or purses. You use these packets of value when purchasing commodities, trades, goods and services for your use and consumption. This is how paper and coin, called money, acquires its value.
In the Money Symbol Open Market System; the energy, generated by the Producer and used to create commodities, trades, goods and services is transferred into money units when exchanging commodities, trades, goods and services for the money units. Money units become packets of energy you carry on your person. These packets of energy are used to purchase commodities, trades, goods and services for your use and consumption. Money becomes packets of energy that is moved around and used to create more production
You can look at money units as packets of value and as packets of energy. You can look at money units as both value and energy packets. Money is a symbol that represents value of commodities, trades, goods and services and a symbol that represents energy that was created by the producer and used to create the commodities, trades, goods and services. Value, defined in money units, tells you how much your production is worth. Energy, defined in money units, gives us a measure of the energy created by the producer which was used to create the commodities, trades, goods or services.
Energy created by producers and transferred into production gives us the link of ownership between the producers and the production. This energy transferred into money units as it is exchanged on the Open Market links the producer to the ownership of the money units. The producer created the production with his energy and now owns the money units that are exchanged for it on the Open Market.
Producer Rewarded Open Market Economics
The Science of Economics
By: R.P Obrigewitsch
September 30. 2011
1 Comment to 10. A Barter or Money Based Market?
Leave a comment
Axioms of Economics
Constant Money Supply
Money Velocity and Prosperity
- 1.0 Money Velocity and Prosperity
- 1.1 The Money Velocity Cycle
- 1.2 Capital Producing Economics
- 1.3 Vampire Economics
- 1.4 The Goal of a Society
- 1.5 Production Efficiency
- 1.6 Why Money Velocity Slows
- 1.7 Capital Destroying Economics
- 1.8 Producer, Non-producer or Counter-producer
- 1.9 Razor Thin Path
- 2.0 Stock Market
Open Market Economics
Producer Rewarded Economics
- 1. What is money?
- 1.1 What is a Product?
- 1.2 The Four Basic Laws of Economics
- 1.3 Who are the Producers?
- 1.4 All Producers are Workers
- 1.5 Workers and Producers Create Money
- 1.6 Government Products and Services
- 1.7 Non-productive & Counter-productive Activities
- 1.8 Work, Energy and Money
- 1.9 Production Creates Futures
- 1.95 Producers, Non-producers and Counter-producers
- 2.0 Attention and Money
- 2.01 Attention Vacuum and Producers
- 2.02 Attention Vacuum and Producers
- 2.1 Banks Don’t Create Money
- 2.2 Capitalism Without Rules
- 2.4 True Wealth!
- 2.5 True Wealth! Part 1
- 2.6 True Wealth! Part 2
- 2.7 True Wealth! Part 3
- 3.0 Socialism
- 3.1 Political Economic Systems
- 3.2 Producers, Non-producers and Counter-producers
- 3.3 Overt and Hidden Socialism
- 3.4 Capital Destroying; Capitalism and Socialism
- 3.5 Economics is a Group Activity
- 3.6 Capital Producing Capitalism and Capital Producing Socialism
- 3.7 Private Forms of Socialism
- 3.8 Capitalist Socialist Economics
- 3.9 Government Socialism
- 4.0 Types of Socialism
- 4.1 Interfacing in Groups
- 4.2 Correlated Pay
- 4.3 System of Measuring Production
- 4.4 Systems of Pay
- 4.5 State of Action
- 4.6 Capital Destroying Capitalism
- 4.7 Capital Destroying Socialism
- 4.8 Use of the Word Capital
- 4.9 Producer Rewarded Open Market Economics
- 5.0 Prosperity Thrusts
- 5.1 Pure Capitalism
- 5.2 Right Wing Socialism
- 5.21 Three Types of Capitalism
- 5.3 Left Wing Socialism
- 5.4 Foundation Socialism
- 5.9 Deus ex Machina