VIABILITY

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Definitions

1. the longevity, usefulness and desirability of the product. (HCO PL 29 Oct 70)

2. survival value. (HCO PL 20 Jul 70)

3. "capable of living or growth." It is taken from the Latin vita which means life. Viability depends, in the main, upon exchange where economics are concerned. A great deal of production can occur, but if it is not exchanged for anything then a group can become nonviable very rapidly. The group does not necessarily live on what it itself produces. A group needs things in addition to those things which it produces thus some of its own production must be exchanged with society for the group to survive. (OODs 20 Nov 71)