Excludes anything that did not happen
A primary transaction captures only the money value of a recorded exchange. The system excludes anything not captured by a real transaction or one imputed by a cost system. If we think of them at all, we jigger the system to estimate values of non-events, or factor "non-financials" into decisions.
Immediately related elementsHow this works
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Compression Thinking »Compression Thinking
Compression vs. Expansion Thinking »Compression vs. Expansion Thinking
Expansion Economics »Expansion Economics
Systems Based on Markets »Systems Based on Markets
Directly value only things exchanged by transactions »Directly value only things exchanged by transactions
Excludes anything that did not happen
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