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A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated LETS) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency. [1]
Stellar is an open-source protocol for exchanging money or tokens using the Stellar Consensus Protocol. [1] The platform's source code is hosted on GitHub . Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers.
A profit-sharing plan is a retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll, with the firm’s employees ...
It may be described as a type of local exchange trading system (LETS) network based on free software. While it can be used as an alternative to traditional currencies such as the Australian dollar or euro or South African rand, the Community Exchange System is a complementary currency in the sense that it functions alongside established currencies.
The Harvard economist Martin L. Weitzman was a prominent proponent of profit-sharing in the 1980s, influencing governments to incentivize the practice. [16] Weitzman argued that profit-sharing could be a way to reduce unemployment without increasing inflation. [16] Economists have debated the effects of profit-sharing on different outcomes.
Economics of participation is an umbrella term spanning the economic analysis of worker cooperatives, labor-managed firms, profit sharing, gain sharing, employee ownership, employee stock ownership plans, works councils, codetermination, and other mechanisms which employees use to participate in their firm's decision making and financial results.
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services.
Foreign exchange (Forex). This is the global market for trading conventional currencies, such as the U.S. dollar and the British pound. This is a highly liquid market but it can be volatile, as ...
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