A selection of terms that are key to understanding the Economics of Mutuality.
Traditionally meaning skills, experience, knowledge of individuals; expanded to include satisfaction, health and wellbeing. Measured through a variety of survey tools using a simple ranking approach to self-report on satisfaction and wellbeing.
Mutuality Management Practices ex. Hybrid Value System
Hybrid Value System is an innovative management practice for leveraging citizen sector organizations in mutually beneficial ways, by addressing their ‘pain points’, to address critical business needs that cannot be acquired through conventional ‘cash and carry’ type business relationships.
Total input flow of natural resources used across the entire value chain of a product. Measured through the analysis of five inputs: abiotic materials, biotic materials, water, air and top-soil erosion
Shared Financial Capital
How economic benefits are shared among participants, in order to ensure a sustainable margin and wage. Measured in the economic value created locally, and its distribution the wider community.
Term used to describe links between people and communities; their social structures, relations, norms. Measured through a variety of survey tools focused on understanding three key drivers of social capital: levels of trust, social cohesion, capacity for collective action.