Responsible consumption choices and individual values: an algebraic interactive approach

This paper develops an algebraic formulation summarizing various forms of socioeconomic interaction in and across individuals, groups, corporations, states. The proposed articulation accelerates the understanding that coordination among economic agents leads to efficient allocation resources society. study considers approach whereby State has a regulatory role which helps attain responsible consumption production choices (RCP). potential encourage use way promotes RCP decisions based on values. fundamental structure is described work using finite algebra. It presents how governance comprising intra- interactions involving State, corporation, individual will prevailing structures functioned lower than projected level, with enormous damage environment. deduced final level economy depends crucially initial injection actions. Furthermore, diverse position patterns are possible depending nature activity impulses undertaken at different levels. world needs decouple environmental degradation from growth evolve towards sustainable collectively inclusive economy. For purpose, mutual trust-based all stakeholders vital objectives.