Glossary

Axioms: Statements or propositions that are regarded as self-evident truths. 

Algorithm: A process or set of rules to be followed in calculations or other problem-solving operations, esp. by a computer.

Capitalism: is a system with free enterprise, private ownership and free markets. An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision just like at https://advent.com.au/, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Merriam-Webster Dictionary

Charity Socialism: falls under this definition of Socialism: Socialism is any Government financed programs directed and controlled by a Government.Charity Socialism includes Government and Privately-run programs.Examples of Government Programs are programs that were, in the past, taken care of by private charity. They are Programs for the poor and handicapped, which include monthly payments, housing and medical; Retirement homes, programs for the Homeless, etc.

Component: a part or element of a larger whole.   Physics each of two or more forces, velocities, or other vectors acting in different directions that are together equivalent to a given vector, as in the Economics Equation. New Oxford American Dictionary.

Communist Socialism: Communist Socialism is a political theory derived from Karl Marx, advocating class war and leading to a society in which ALL PROPERTY is publicly owned and each person works and is paid according to their abilities and needs. New Oxford American Dictionary.

Corollary: a proposition that follows from (and is often appended to) one already proved.

Differentiate: recognize or ascertain what makes someone or something different.  Identify differences between two or more people or things.  New Oxford American Dictionary.

Constant Money Supply: The money supply must be held constant. This is the Constant Money Supply. The Constant Money Supply standardizes the economic system. The Constant Money Supply standardizes the Money Unit as a standardized unit of measure.

Counter-Producer: an individual who creates and markets destruction in exchange for money.

Economics Equation: Idea + Space + Energy + Matter + Directed Doing = Production.  This equation could, also, be defined as the Economics Algorithm.

Energy: The capability of doing work. 

            Potential Energy is due to position of one body with respect to another or to the relative parts of the same body.

            Kinetic Energy: is energy due to motion. (Handbook of Chemistry and Physics) 

Exchange: an act of giving one thing and receiving another.

Exchange Value: the   quantified worth, of one commodity, trade, good or service expressed in terms of the worth of another.  All commodities, trades, goods and services can be expressed in value terms of each other. These value terms can all so be expressed in money unit terms.

Free Market: Is a Market that allows all people to participate whether they are Producers, non-producers or counter-producers.  The Free Market allows for non-producer and counter-producer participation.  By contrast, the Open Market (open to all Producers on equal terms) doesn’t allow for non-producer and counter-producer participation. 

Economic Freedom: and freedom in general begins with the application of the four basic Axioms of Economics.

1. All money is created through and backed by the production of commodities, trades, goods and services.

     2.  Reward the Producers and only the Producers.

     3. Maintain a constant money supply.

     4. Maintain the Market open to all Producers on equal terms.

Foundation Socialism: falls under this definition of Socialism: Socialism is any Government financed programs directed and controlled by a Government.  Foundation Socialism includes: roads, bridges, canals, dams, irrigation infrastructure, flood control, airports, harbors; water treatment plants, sewage treatment plants; education, policing, fire control, national defense (not national offense); public health, Social Security and Medicare, public transit, etc.

Mental models: are three-dimensional representations of commodities, trades, goods and services the Producers intend to create. An individual creates these models in his/her personal space.  They are then converted or replicated in the physical environment as commodities, trades, goods and services.

Mental Space: is often referred to as an individual’s personal space.  This is the space each individual has located around him or herself.  It is the space he or she will feel encroached upon when another being or object moves into that space.  The common retort is, “get out of my space!”  This space is very unique.  It can overlap into or onto the Physical Universe Space or even into or onto another individuals’ space as individuals work together. 

Models: are a three-dimensional representation of a person or thing or of a proposed structure, typically on a smaller scale than the original.  (New Oxford American Dictionary)

Money:  Money has two parts; symbol and production value.

Money is the symbol that represents production value.

Money Value: money derives its value from the production of commodities, trades, goods and services.  Production creates the value which money symbolizes.

Money velocity: is the rate at which money changes hands, throughout an economic system or society, while being exchanged on the Open Market for commodities, trades, goods and services.

Non-Producer: doesn’t create commodities, trades, goods and service to exchange for money.  They take money without an exchange for it in commodities, trades, goods and services.

Ownership: is the act, state or right of possessing something. (New Oxford American Dictionary)

Open Market: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.

An Open Market is established anytime and anywhere commodities, trades, goods and services are exchanged between two or more Producers.

The Open Market does not allow for non-producer or counter-producer participation.

Private Forms of Socialism: include Co-operatives and Employee Owned Businesses.  Private Forms of Socialism fall under this definition of Socialism: Socialism can be a community of individuals working together during the process of creating prosperity through production.

Producer: is an individual who:

•          Creates a commodity, trade, good or service.

•          The commodity, trade, good or service must be needed and wanted.

•          The commodity, trade, good or service must be marketed on the Open Market, open to all Producers on equal terms.

•          The commodity, trade, good or service must not harm the individual, family, society, nation, mankind and/or the environment.

Producers: include executives, upper level management, middle level management, supervisors and all other individuals in an organization.

Product: A product is a commodity, trade, good or a service that is:

1.         Exchanged on the Open Market (open to all Producers on equal terms.)

2.         Needed and wanted and 

3.         Does not harm the individuals, family, society, mankind and the environment.

Production: A purposely directed action or activity that does not harm the individual, family, society, mankind and the environment.

Production Value: Production Value is the value that is created through the Production of Commodities, trades, goods and services. Production creates the value which money symbolizes.

Prosperity: the state of succeeding in material terms; be financially successful.  New Oxford American Dictionary.

Reserve Strength: is the potential a Society or Nation has in repelling any counter-producers attempts to militarily, or in any other way, overpower or enslave a Producer Nation.

Right Wing Socialism: Right Wing Socialism occurs when a group of rich and powerful individuals take over the control of a Government and set up Government Programs that allow them to redistribute and concentrate the wealth of a Nation into their own hands.  Right Wing Socialism falls under this definition of Socialism:  Socialism is any Government financed programs directed and controlled by a Government.

Social: of or related to society or its organizations. New Oxford American Dictionary

Socialism: socialism is a range of economic and social systems characterized by social ownership of the means of production and workers’ self-management, as well as the political theories and movements associated with them.  Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity. Wikipedia

The five types of Socialism fall under this definition.  Private forms are Co-operatives and employee owned business.  Foundation Socialism includes all infrastructure which is funded and controlled by Governments.  Charity Socialism includes elderly care and disabled person care, government or privately operated.  Right-Wing Socialism includes Corporate and Ag welfare, Bank and Wall-street bailouts, National offense spending beyond what is needed for National defense, deficit spending, etc. Communist Socialism is a political theory derived from Karl Marx, advocating class war and leading to a society in which ALL PROPERTY is publicly owned and each person works and is paid according to their abilities and needs. New Oxford American Dictionary.

Society: the community of people living in a particular country or region and having shared customs, laws and organizations. Derived from French socius‘companion.’ New Oxford American Dictionary

Standardized money unit: is the constant unit of measure, derived from a constant money supply, that defines production value of commodities, trades, goods and services.

Thrive: grow or develop well, or vigorously; prosper; flourish. New Oxford American Dictionary.

True wealth: is achieved when an individual works to make or help all other individuals, families, organizations, societies, mankind and environments become prosperous.  One is only as prosperous as those individuals, families, organizations, societies, mankind and environments around him/her are prosperous.

Value: the importance or preciousness of something defined in terms of money units.