Resource Based Economy The term and meaning of a Resource Based Economy was originated by Jacque Fresco It is a holistic socio economic system in which all goods and services are available without the use of money credits barter or any other system of debt or servitude All resources become the common heritage of all of the inhabitants not just a select few The premise upon which this system is based is that the Earth is abundant with plentiful resource our practice of rationing resources through monetary methods is irrelevant and counter productive to our survival