Competition among goods and services on the Open Market is the only way true value for goods and services can be determined. The Open Market establishes the value, in terms of money units, for all goods and services exchanged on the Open Market. All goods and services on the Open Market compete with each other and this sets the value for each good and, or service. The producers set the demand when they purchase goods and services and 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 goods and services, thus establishing the value of each. This functioning, of the Open Market, helps give optimum money velocity and prosperity in a society and nation.
Producer Rewarded Open Market Economics
The Science of Economics
By RP Obrigewitsch
October 8, 2011
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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