Login  |  Register

Shop Author Titles

Young Jacob
The Man Jacob
Teen Jacob
School Days
Biz Kidz Country Adventure
Biz Kidz City Adventure
Wednesday, 29 October 2014 15:40

The Practice of Group Economics

Written by
Rate this item
(2 votes)

pexels photo 331990In order for our communities to survive, we must begin to practice “Group Economics.” Just what is group economics? Group Economics defined, is creating and exchanging resources (e.g., currency, talents, gifts, skills, goods and services) that a group deems valuable amongst another. It is time for the black community to pool our resources in order to produce community wealth.

Doctor Claude Anderson in his book entitled PowerNomics, talks about how community groups must come together and leverage their resources.  Investing in someone else’s idea shows great support, but we are not just limited to investments. 

The structure of any business is based off of a well-known economic principle of supply and demand. Group economics presents an opportunity to address both ends of that spectrum.

Here’s an example. In our community, we have a tailor and clothing retail establishment. If the two join efforts and pool their resources, the tailor can supply to the retailer and even grow his business to mass-produce clothing items sold in that establishment. The retailer can also refer the tailor for alterations after the goods are sold. Hence we see in this simple example an opportunity for collaboration that fosters growth, expansion and job creation, while the dollars continue to turn over in the community. 

We can take the same example and add in a fabric storeowner, who can provide the textiles and embellishments for the items being made, and the lists of opportunities grow on.

Another example is the local baker who can service restaurants and catering establishments. Instead of purchasing baked goods outside of the community, solicit the service from the local baker(s), which will allow for the same growth potential outcomes listed in the example above.

There are some very unique partnership dynamics that can join forces, pool resources and leverage growth. 

My daughter and I, co-owners of DeeClare Publishing produced a children’s book, “School Days” and developed a fundraising program available for nonprofit groups to raise money with minimum outlay. We target groups who work with the youth in order to promote the idea of creative economics within our community. This way, while raising funds for their group or organization, the young people, our children, can get involved and learn the dynamics of sales and marketing.

I’ll close this week with this thought, “If we don’t, who will?” If we don’t come together and leverage our resources, what will be the outcome? 

A video insert on Group Economics by Dr. Claude Anderson: 

 

 

Til next time…

Clarence Matthews
Elder's Ledger
Reclaiming the Village, One Topic at a Time!


853d1da1-a30a-4d3c-b026-c380608523e1 logo

DeeClare Publishing, LLC is one of the proud sponsors of The Earl Morgan Hour, aired by Go Pro Radio, a community-focused online radio show with thought provoking topics, and local guest interviews.

TUNE IN EVERY WEDNESDAY at 7:00pm at www.blogtalkradio.com/theearlmorganhour.

Clarence Matthews

Thank you for visiting the Elder's Ledger. Please comment. I'd love to hear from you!

facebook logo
THE ELDER'S LEDGER ON FACEBOOK


jacob media


press_thumb

Author's Media Kit
Includes: the author's biography, book synopsis, press release, author inspiration and contact information.

download .pdf


Blog photo credits: pexels.com, pixabay.com

blog content

  • Our Grass Roots

    laptop 3190194 1280In this segment of the Elder’s Ledger, I thought I’d speak a bit about the origins and grass roots of our publishing company, DeeClare Publishing, LLC. I am the Co-founder and my daughter, Deneen Matthews is the Editor-in-chief.

    Read 2889 times
  • Group Economics: Just What If?

    computer 3224642 1280This week, I would like to further expound on this principle. I pose this question for all to ponder, “Just what if…” 

    What if we stretch, expand our thinking around collaboration among churches, organizations and non-profits. What if they came together, joined forces so to speak?” What if we could then improve our purchasing power?

    Read 632 times
  • Learning IS the Institution

    pexels photo 356086

    A great deal of effort and expense is invested in education; in learning, which is indeed a necessary tool in order to contend and compete in the workforce or any specialized area of study or interest.

    I believe it is vital to bring LEARNING outside of the established norms. We must make learning the INSTITUTION as opposed to relying solely on learning institutions.

    Read 4131 times
  • Foundational Fundamentals

    pexels photo 762679The Foundational Fundamentals that undergird all of these efforts are God, family and community. We realized that we attempted to provide information to build up a community, but without the fundamentals, maybe we pulled the cart before the horse, so to speak.

    Read 2785 times
  • Are We Chasing Our Young People Out of the Community?

    graduate 2197406 1280This blog post again references the need for the support of local businesses, expansion and job creation within our communities. Tell me, what’s the incentive for our young people entering the work force to remain a part of the village? What do they have to invest in? What is there for them to build upon? Are we actually supporting a premise for them to desire to leave and never look back?

    Read 2870 times