Notwithstanding international trade, the Econo- is a subset of the Socio- because it is for citizens by citizens.
Accordingly, the economy’s purpose – i.e. its social purpose – is to ‘exclusively efficiently empoweringly produce and distribute the goods & services humans need/desire’.
The economy does this via the country’s 5 ‘universal, unconditional and guaranteed’ ‘Citizen Coopetition-Contributive Self-Actualisation Maximising Infrastructure’ (Citizen-CoCoSAMI) cornerstones, which maximally leverages both:
- The Individual citizen’s human-capital
- The country’s Human-Organisation, Science & Technology (HOST).
The economy should not, to any extent or in any way, be for creating jobs, which, on the contrary, is a corruption of its purpose.
[Note: Unemployment is a perversion resulting from:
- The Universal Survival Income (USI) absence
- The Universal Minimum Hourly Wages (UMHoW) system presence.
Without these 2 circumstances, Unemployment would cease to be a concept.]
Thus, ideally, the economy is as efficient as possible including such that it maximises its contribution to Human-Organisation, Science & Technology (HOST) compounding cycle – i.e. it contributes such that the HOST compounding cycle (in years) is shortest.
[Updated July 31, 2022]