ENABLING COMMUNITIES' CHOICES
STRENGTHENING THEIR CAPABILITIES
Meeting Human needs is far easier in a service-based economy, if compared with a product-based model.
Services are far more versatile as you no longer need to own a product to access its functions. This extreme flexibility can be an asset to improve communities' choices.
If designed well, a restorative system such as an Equitable Circular Economy would grant more access to pools of global resources, thus strengthening communities' capabilities.
The United Nations Human Development model explains that well-being is reached when communities choices and capabilities are strengthened (Amartya Sen).
In a service-based economy equity makes business sense.
Designing an economy with equity in its core design would tremendously improve human development within planetary boundaries.