councils, are submitted and revised through multiple rounds of pricing updates until the process converges on a feasible plan for the upcoming year. The process begins when the facilitation board (see below) announces a list of indicative prices for each final consumer good, as well as for each capital good, natural resource, and category of labor that is available to society. These indicative prices are calculated to reflect the estimated opportunity costs for producing various goods and services, and incorporate both social costs and pollution impacts. In response to this list of prices, individuals draft an annual consumption plan for goods/services they wish to consume in the coming year, and also meet in their neighborhood councils to deliberate and democratically arrive at a plan for the consumption of public goods (e.g. obtaining resources to build a public playground). As workers, individuals also meet in their workplaces to determine what outputs they will produce and what inputs they will consume in the production process, as well as how much they would each like to work. Thus, workers and consumers (as well as any federations of workers or consumers) submit their initial requests to the facilitation board, which aggregates this information. Because the conclusion of the first round of this process will almost certainly not be a workable plan, the facilitation board proceeds to update the list of indicative prices for each good up or down, in proportion to the excess demand and supply for each, so that the updated prices reflect a more accurate estimate of the social opportunity costs of each item. The announcement of updated indicative prices then initiates the second round of the planning process, in which consumers and workers revise and resubmit their proposals in light of the new information. In particular, consumption proposals in which the individual's proposed effort rating does not warrant the proposed level of consumption will need to be adjusted, so that the individual will either have to reduce his/her consumption requests, shift them to less costly products, or increase his/her projected work-hours for the coming year. Other consumers may discover that their initial proposals were too modest, and can revise their consumption upwards, if they choose, or they can revise their projected effort rating downwards by proposing to work fewer hours and increasing leisure time. Production proposals are also summarized and evaluated on a quantitative basis, in this case by the ratio