Resource-Based Economy
A Resource-Based Economy (RBE) is an economic system that prioritizes the sustainable management and equitable distribution of natural resources. Instead of relying on money and traditional markets, an RBE focuses on using resources efficiently to meet the needs of all individuals. This approach aims to eliminate waste and promote environmental sustainability by ensuring that resources are available for future generations.
In an RBE, decisions about resource allocation are made based on scientific data and community needs rather than profit motives. This system encourages collaboration and innovation, often drawing inspiration from concepts in sustainability and circular economy practices, where materials are reused and recycled to minimize environmental impact.