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Micro Economy
Micro Economy
Today, in addition to the “big” monetary economy, there are many micro economies that are not based on money as a medium of exchange. They coexist with our current economy. Each of them aims to improve our lives in the current bad economy. The microeconomics I've encountered in the past six months are.
Give Economy
Give Economy
When people realize they have too much stuff and start giving things away, they give away to others. Consider, for example, the 1 percent club of rich Americans. I follow them by giving 1 percent of my gross sales to a quarterly NGO.
Exchange Economy
Exchange Economy
When people exchange a service or product for another product or service without using money. Many freelancers and travelers use this method. I myself have used this method in my travels. Especially swapping by Wwoofing. There are a few blogs about Wwoofing in Australia on my site.
Crowdfunding
Crowdfunding
Crowdfunding economy is based on demand market. A prospective customer can invest in manufacturing of the product or service the entrepreneur is offering through crowdfunding. It's at first buying a story, marketing. The entrepreneur narrates on the crowdfunding platform what the investment is for and wat the investor gets for investing when successful. Often it implies that the investor is a front financier and therefore a first hour customer. This is a good way for a business to get finance if the bank doesn't want to finance them or the business needs more money than they themselves have to invest and/or the bank finances. If the crowdfunding is successful the prospective customer gets its product or his/her money bank most of the time with interest. In the blog 'How do I invest in crowdfunding' I tell about my experience with crowdfunding.
Collaborative Economy
Collaborative Economy
In a collaborative economy, I am often looking for collaboration to improve and propagate the product or service. This helps the collaboration to win in competitiveness. This also has the advantage that individuals can further specialize in such a collaboration. In the past I have used this collaboration in various ways, including with Herstelreizen, Reality Keeper, the Big Data eCourse. In the past collaborative economy was used in Hanze time through 'Hanzeverbond' and in the Golden Age with VOC and WIC. At the moment EU can also be called a collaboration between nations.
Do I Already Participate In One Of These Economies?
Do I Already Participate In One Of These Economies?
Probably, sometimes without realizing it I am participating in one of these economies. These economies will grow larger and will compete and coexist with/in the current monetary system, meaning that money will no longer be the only medium of exchange. A good example is bitcoin, not my favorite, but one that is popular at the moment. Bitcoin is alternative money and in some countries, it is accepted as a method of pay. (UPDATE: Sept 2024: student debt €0 euro).
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