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Date: 2018-09-20 Page is: DBtxt001.php L07-PRODUCTS-STUFF-CONSUMPTION

PRODUCTS / STUFF
CONSUMPTION
THE LIFE-BLOOD OF THE SOCIO-ENVIR0-ECONOMIC SYSTEM

PROGRESS is the increase in VALUE (of the STATE) from beginning to end of the period
Simply measure the change in the VALUE or everything

TO DO ... update images to be more relevant to the subject matter

PRODUCTS (goods and services) ARE THE LIFE-BLOOD OF THE SOCIO-ENVIR0-ECONOMIC SYSTEM
(1) ENABLE PROFIT OPPORTUNITIES
(2) SUPPORT QUALITY OF LIFE
(3) HAVE IMPACT ON THE ENVIRONMENT

Whether they are 'GOOD' or 'BAD' depends on a multitude of factors
AS THEY ARE PRODUCED AND USED TODAY, THEY ARE UNSUSTAINABLE

Product / Products
Product is shorthand for both goods and services. People need product to maintain and improve their quality of life and their standard of living. In the end the purpose of all economic activity is to improve quality of life and standard of living, it follows that product is a key to high performance of the socio-enviro-economic system.
The socio-enviro-economic system comprises:
(1) people ... a society of now more than 7 billion people
(2) the natural world ... nature's bounty; and
(3) the economic worl ... a human built environment of physical structures, institutions and systems.

Product to serve the needs of people originates with resources from the natural world, flows through processes in the man built environment and ends up serving the needs of people. After use the product has a post use waste chain that may well degrade the natural environment. The performance of a product is the amount of good that reaches people, relative to the amount of damage that is being done to the natural world.
There are very powerful metrics about the profit performance of business organizations in the man built environment and the accumulation of financial capital by people who are owners, but there are no metrics with similar power to measure the good that products do for people and the bad impact products have on the natural environment.
As a product flows through the supply chain, there is good that benefits employees and there is bad where the operations do damage to the environment and sometimes the employees. There is good when the operations in the supply chain fund pro-good activities and pay taxes to fund government services.
When the dominant metrics are all about profit and financial wealth, then over time all the big decisions get made in the interest of these metrics. We need to change the way the world keeps score in order to change the way the game is played!

Many, many products
Navigation to resources about specific products
Open L0200-PD-PRODUCTS

CORE CONCEPTS of TRUE VALUE ACCOUNTING
PRODUCTS
PRODUCTS ARE THE MAIN LINK BETWEEN PEOPLE, THE PEOPLE BUILT PROCESSES AND NATURE



The text being discussed is available at


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