ALPHABET: The Alphabet Company: A global media company helping to grow the GLP economy of local communities
AGN.News Team
June 9, 2025
WASHINGTON (AGN.News) – The Alphabet Company is committed to helping local communities grow their Gross Local Product (GLP). The GLP represents the monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a specific community. It’s the local equivalent of GDP.
What is GDP? Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region.
Gross Local Product within communities
When considering LDP within a given community something traditionally is not included. That’s unpaid labor or unpaid work. This is defined as labor or work that does not receive any direct remuneration. This is a form of non-market work which can fall into one of two categories: (1) unpaid work that is placed within the production boundary of the System of National Accounts (SNA), such as gross domestic product (GDP); and (2) unpaid work that falls outside of the production boundary (non-SNA work), such as domestic labor that occurs inside households for their consumption.
The production boundary is the name given by economists to the imaginary line between unpaid work, which is not counted directly in the gross domestic product, and paid work that the GDP does count.
The same applies to GLP. There are invisible lines between unpaid and paid work that is counted by economists in GDP. We want to erase the line so that more credit is given to those who make possible the measure the economic performance in a given community.
Unpaid labor is visible in many forms and is not limited to activities within a household. Other types of unpaid labor activities include volunteering as a form of charity work and interning as a form of unpaid employment.
In a lot of countries, unpaid domestic work in the household is typically performed by women, due to gender inequality and gender norms, which can result in high-stress levels in women attempting to balance unpaid work and paid employment. In poorer countries, this work is sometimes performed by children. – Wikipedia
Inequality and Gender Discrimination
These two factors minimize the value of women and marginalized community members as vital to the Local Domestic Product. Many of these individuals produce vital work within the community but are often overlooked for various reasons. The work performed by these groups increases the production of GLP which increases the value of these individuals to the local economy.
Many volunteers support the community as workers who’re not compensated for their effort. Nonetheless, they are important to the Local Domestic Product. Many of the volunteers work in food banks, soup kitchens, homeless shelters, sporting events, unpaid domestic work and so on.
Novelnomics Support Local Domestic Product
When we created Novelnomics as a vital part of our economic development program, we included paid and unpaid workers who are vital to the Local Domestic Product within a community.
Our economists looked at small cities and communities in rural areas and concluded they should be a part of the statistics the gauge the activities that are part of the local economy. The specifics of this calculus will be revealed at a future public event.
Disclaimer: This post does not represent the views or viewpoint of the owner of AlpLocal.com, AGN News or its representatives or reporters. Any content which references any person, entity or group with similar names, descriptions, or business interest in any geographical location or similar businesses is merely a coincidence and not directed at said business. AGN News is compiled from submissions by contributors or other sources.
Additionally, this site may contain references to current or past news relating to people, places, things, business, or businesses, new business openings, startups, technology businesses, or any and all references to crimes, local, state or federal crimes. All postings contained herein are not for any purpose other than for educational purposes or for entertainment purposes only. Nothing herein should be considered investment or legal advice.
AGN News Digital is compiled from submissions by contributors or other sources are not responsible for any misrepresentations of implied misunderstandings. We are not responsible for information found on external links. Those clicking on these types of links bear sole responsibility for visiting these sites.
