Informal description
The equivalence states that a distributive multiplicative action by a product monoid $M \times N$ on an additive monoid $\alpha$ is equivalent to the existence of commuting distributive multiplicative actions by $M$ and $N$ on $\alpha$.
More precisely, the equivalence is between:
1. The type of distributive multiplicative actions of $M \times N$ on $\alpha$, and
2. The dependent triple consisting of:
- A distributive multiplicative action of $M$ on $\alpha$,
- A distributive multiplicative action of $N$ on $\alpha$, and
- A proof that these actions commute (i.e., $m \cdot (n \cdot a) = n \cdot (m \cdot a)$ for all $m \in M$, $n \in N$, $a \in \alpha$).
The forward direction constructs the component actions via the inclusion homomorphisms $M \to M \times N$ and $N \to M \times N$, while the backward direction combines commuting actions into a product action.