3. The True Value of Production!

Revised November 17, 2013

Competition among all commodities, trades, goods and services on the Open Market is the only way true value for all commodities, trades, goods and services can be determined.  Competition among all commodities, trades, goods and services on the Open Market gives the true value of production.  The Open Market establishes the value for all commodities, trades, goods and services exchanged on the Open Market.  The value is established in terms of money units.  All commodities, trades, goods and services on the Open Market compete with each other.  This sets the value for each commodity, trade, good and service.  The producers set the demand when they purchase commodities, trades, goods and services.  This demand establishes the value measured in money units.

The Open Market Construct derives its energy from the supply and demand forces thrust into the Market by the Producers.  These supply and demand forces sort out the competition among all commodities, trades, goods and services.   The supply and demand forces establish the value of each product. This functioning, of the Open Market, helps give optimum money velocity and prosperity in an organization,  society and nation.

 

Producer Rewarded Open Market Economics
The Science of Economics
By RP Obrigewitsch
October 8, 2011
Saturday, October 8th, 2011 Open Market Economics

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