Open Source Economy

Introduction

An open source economy is defined as an economy in which the development of goods and services happens via open collaboration between independent stakeholders on the global level. It is an economy where the rate of innovation across all sectors is significantly higher than the rate of innovation provided by proprietary research and development characteristic of the 20th century and the beginning of the 21st century.

Details

The open source economy is an economy that optimizes both production and distribution, while providing environmental regeneration and social justice. The open source economy is in essence a paradigm where communities utilize open source knowledge and tools to provide material prosperity without relying on global supply chains for essential resources.

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