Order and Bids

To fully explain how EMCs work we need to introduce another couple of artifacts that are not specific to Haier but that are essential in the pruning of this basic model: the dual system of Order and Bids. An order and a bid can be seen as the two sides of a contract:

-the **order** specifies what kind of contribution a certain party is supposed to provide as part of an agreement;

-the **bid** specifies the conditions that the proponent is ready to meet to fulfill the order (for example the quality or quantity of the contribution – e.g.: producing 100k pieces in one month) and the related conditions expected in return (e.g.: a fixed lump sum, a % of profits generated by the outcome on the market).