When I designed the mechanics of the New Economy, I have already understood everything in the Old Economy, how the transformation of GDP growth will be changed with the onset of the digital currency, and an expansion of Global Trade will reduce poverty, and Trading of assets and liabilities in a Global Exchange will finally bring an Economy of Abundance.
This transformation and reforms need the support of everyone, and once you understand it’s goals we will wipe out poverty in a lifetime. It is important to note that all the engines of growth must be fired, the most important is the Global corporations, SMEs and governments must be sustainable and profitable to sustain millions of jobs for everyone, no more barriers of inequality, injustice, and the ability of education to provide a pathway to success.
When you built a factory to produce goods, you need to be sustainable, you must be able to pay decent wages, and all your utilities and costs, creating jobs for everyone. This can only be achieved without destructive competition, determining the demand before supply, to get maximum profits. As you ramp up your production after you derived the profits of your first batch of goods, it all depends on your goals, the costs of providing the second batch will be lower as you lower your costs from your suppliers, eventually it will be your goals you want to achieve for profits and segments of your markets. Most important is your business models. Let me explain, I can give away free mobiles for the purpose of research and technology, at the end of the day, when I make a better product, I can charge even higher base on the new technologies and the higher demand. Contributed by Oogle.