3.1 Economic Processes

Definition: Those activities, actions, and operations that involve the production and sale of goods and services. This includes the extraction of raw materials and natural resources. This framework element serves as a broad placeholder for all economic processes. All subcategories currently emphasize the driving forces that directly act upon an endowment. The SDI Group will eventually expand the definition to include the underlying economic processes that control the driving forces.

Definition Source: None

Economic Processes Categories:

3.1.5 Expenditures: Money paid by an individual, organization, corporation, or government in exchanges for goods and services.

3.1.4 Income: Money recieved by an individual, organization, corporation, or government in exchanges for goods and services. An individual would recieve salaries, tips, and wages; a corporation would recieve earnings and sales, and a government would recieve taxes.

3.1.1 Man-Made Capital Changes: Economic processes that act upon the man-made capital.

------3.1.1.1 Depreciation

------3.1.1.2 Destruction

------3.1.1.3 Investment

3.1.2 Raw Material Production: The creation, collection, or extraction of raw material for the production of goods and services, especially directly from the natural environment. This includes all activities such as harvesting, mining, lumbering, fishing, etc.

------3.1.2.1 Appreciation

------3.1.2.2 Extraction of NonRenewable Resources

------3.1.2.3 Harvesting of Biota

------3.1.2.4 Introduction of Biota

------3.1.2.5 Landscape and Habitat Alteration

------3.1.2.6 Resource Development

------3.1.2.7 Resource Discovery

3.1.3 Waste Production: The production of unwanted materials as a by-product of economic processes.

------3.1.3.1 Discharges into Water

------3.1.3.2 Emissions into Air

------3.1.3.3 Releases into Soils