A developed market is a loose collection of unit entities, each of which intends to offer solutions to the perceived needs of the public. A healthy market has a diversity of unit entities that compete to replace struggling participants and cooperate to maintain a sustainable resource base. An entity failure, represented by the non-acceptance of its currency brand by others, does not necessarily affect the other currency brands in a multi-currency framework.
A satconomic market is not isolated within community borders as defined by members of a mutual credit currency system. It is also unlike a lending network as exemplified by the Ripple system – entity credits are not like IOU’s which are only redeemable against its issuer. In satconomy, currencies are issued with an unguaranteed expectation that entity members could redeem their credits for products in the market or use them to satisfy public obligation. Corresponding debits are issued as an obligation to provide something of value to the market and not only to a particular credit recipient. The concept of markets is central to the understanding and implementation of satconomy.
