Production is the act of creating with intelligence and/or skill; to bring something into being.
In Economics in general and as described in Producer Rewarded Open Market Economics, work is performed while transferring the Producers’ self generated energy into products and services. The result is a directed-caused-creation of a good or a service by a Producing Worker. When the good or service is marketed on the Open Market we see the conversion of the above energy into money units.
This is where money becomes the symbol for energy. You could say this producer-generated energy used to create goods and services is measured in money units. The Worker Producer generates his energy and transfers it to a product or service while creating (producing) the product or service. This energy is then converted into money units via exchanging the good or service on the Open Market. After the exchange on the Open Market you could say the Worker Producer is walking around with packets of energy in his/her pocket in the form of money units.
This is important to note. The Worker Producer generated the energy, transferred this energy into the creation of goods and services and marketed these goods and services on the Open Market thus converting energy into money via the production of goods and services. This is self-created money-energy.
The Worker Producer needs to take full responsibility for the existence of this money-energy. If he doesn’t take full responsibility for this money-energy, non-producers will take it from him and use its power and force against him on a gradient scale to enslave him and take more of his money-energy.
Producer Rewarded Open Market Economics
The Science of Economics
By: R P Obrigewitsch
July 15, 2011
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 Down?
- 1.7 Capital Destroying Economics
- 1.8 Producer, Non-producer or Counter-producer?
- 1.9 Razor Thin Path