What Is A Nano-Economy

Nano-Economy, noun

 

A term used by entrepreneur Pete Sisco to mean; ‘a personal economy, largely under the control of the individual who owns it, equal to one-billionth of the global economy.’

According to Wikipedia, the current Gross World Product is equal to approximately US$75-trillion/year.

The metric prefix, nano, represents a value of 10-9 or one-billionth of a unit.

 

Therefore; a Nano-economy = One billionth of the annual Global Economy = $75-trillion/yr ÷ 1 billion = $75,000/yr

 

 If you are interested in building your own personal nano-economy, visit this website. Nano-Economy

 

The term, nano-economy, should not be confused with the term, nanoeconomics.

Wikipedia defines nanoeconomics as: “The economic theory of single transactions. The term was proposed by Kenneth J. Arrow in 1987. The term has also been used to describe a level of analysis below traditional microeconomics, and to describe the economics of nanotechnology.”