3. Products and the Open Market

Rev. March 5, 2019

 This is the second set of Axioms in the Axioms of Economics.  This is the Products and the Open Market set.  There are 24 Axioms in the Products and the Open Market set.

This set gives the definition of a Product.

This set of Axioms demonstrates how Producers create Markets.  Producers create value, energy, wealth, capital and power and flow them into the Market.

There is more information on Products and the Open Marker on the web site http:youcreatemoney.com. There are10 articles in the category titled Open MarketEconomics.  These articles go into much more detail on Products and the Open Market.

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

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

B.  Needed and wanted and

C.  Does not harm the individual, family, society, mankind and the environment.

27. One does not decide to back money with production, production backs money.
28. A created commodity, trade, good or service is not classified as a product unless that commodity, trade, good or service is marketed and sold on the Open Market.
29. A commodity, trade, good or service is not a product if it harms the individual, family, society, mankind and the environment.
30. A commodity, trade, good or service that harms the individual, family, society, mankind and the environment is a criminal product.
31. A purposely directed action or activity that does not harm the individual, family, society, mankind and the environment is a product.
32. Production is converted into money units and the money units are a measure of the value of the production.
33. All money value is backed by production.
34. Production creates the value inherent in money.
35. Production has exchange value.
36. Criminally produced commodities, trades, goods and services do not and cannot give money value.
37. Criminally produced commodities, trades, goods and services decrease and destroy money value and are harmful to the individual, family, society, mankind and the environment.
38. Money cannot and must not ever be treated as a product.
39. Producers are the creators and constructors of Markets.
40. Non-producers and counter-producers destroy and destruct Markets.
41. 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.
42. An Open Market is established anytime and anywhere commodities, trades, goods and services are exchanged between two or more Producers.
43. The greatest difference between the Open Market and the Free Market is; the Open Market does not allow for non-producer or counter-producer participation. The Free Market allows for non-producer and counter-producer participation.
44. Demand generates Market force.
45. Producers generate value, energy, wealth, capital and power through production and flow them onto the Open Market.
46. Producers give Markets their energy.
47. Producers drive Markets and make them operate.
48. Non-producers and counter-producers siphon (suck) value, energy, wealth, capital and power out of Markets. They deflate Markets.
49. Any time you find an abnormally shrinking and collapsing Market, you can be sure you will find non-producers and counter-producers taking money, value, energy, wealth, capital and power out of the Market without a correct exchange for it in produced commodities, trades, goods and services.

Producer Rewarded Open Market Economics
The Science of Economics
By RP Obrigewitsch
Revised March 5, 2019