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Have you wondered why a product, is given one price in one country but a different price of gold equivalent in another country? The model for how the market economy way to determine the price of a product, based on the simple premise that buyers and sellers have totally conflicting interests in the matter. The seller wants to earn as much as possible and the buyer wants to pay as little as possible. Using this knowledge, we can summarize it to "The higher the price, the greater the range" and "lower price ---> less range" So if we check on the demand for a product, we must bear in mind that "The lower the price the greater the demand”.
The market seeks equilibrium
If the price of a good is way above the previous equilibrium price, it's resulting in that we are going to get a surplus of the range. The producer offers more goods than what the buyers want. To get rid of the goods, the seller must lower the price. If the price instead would be set below the equilibrium price it will resulting in excess demand. The market is demanding more goods now than what it is offered, which means that the price will be pushed up. All the time striving thus the market for balance or equilibrium!
Be a smart business owner!
Did you know that demand will fall more on some items than on others when the price rises? If you are in the food industry and raise the price of few decimals the demand will not reduce. However, higher Q on goods lose demand if the price is raised too much because they are not as necessary as Q1. But well yes they are, most people seeks The best Q5 elite stuff though but I am pretty sure the price will stay "stable".
Free competition lowers prices
There are many factors that can affect the price and supply of goods. One of them is that anyone should be able to compete on purchasing power. Anyone can start his own business for 20 gold. One advantage of competition is that it benefits consumers. Therefore, it is better to have several private companies than one state company within a sector. Do you have any problem with selling the surplus, it is easy to sell on the black market for gold. But the situation in the most countries is that there are almost more companies than workers
That was all from me today! Hope you appreciate it!
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About the game:
USA as a world power? In E-Sim it is possible!
In E-Sim we have a huge, living world, which is a mirror copy of the Earth. Well, maybe not completely mirrored, because the balance of power in this virtual world looks a bit different than in real life. In E-Sim, USA does not have to be a world superpower, It can be efficiently managed as a much smaller country that has entrepreneurial citizens that support it's foundation. Everything depends on the players themselves and how they decide to shape the political map of the game.
Work for the good of your country and see it rise to an empire.
Activities in this game are divided into several modules. First is the economy as a citizen in a country of your choice you must work to earn money, which you will get to spend for example, on food or purchase of weapons which are critical for your progress as a fighter. You will work in either private companies which are owned by players or government companies which are owned by the state. After progressing in the game you will finally get the opportunity to set up your own business and hire other players. If it prospers, we can even change it into a joint-stock company and enter the stock market and get even more money in this way.
In E-Sim, international wars are nothing out of the ordinary.
Become an influential politician.
The second module is a politics. Just like in real life politics in E-Sim are an extremely powerful tool that can be used for your own purposes. From time to time there are elections in the game in which you will not only vote, but also have the ability to run for the head of the party you're in. You can also apply for congress, where once elected you will be given the right to vote on laws proposed by your fellow congress members or your president and propose laws yourself. Voting on laws is important for your country as it can shape the lives of those around you. You can also try to become the head of a given party, and even take part in presidential elections and decide on the shape of the foreign policy of a given state (for example, who to declare war on). Career in politics is obviously not easy and in order to succeed in it, you have to have a good plan and compete for the votes of voters.
You can go bankrupt or become a rich man while playing the stock market.
The international war.
The last and probably the most important module is military. In E-Sim, countries are constantly fighting each other for control over territories which in return grant them access to more valuable raw materials. For this purpose, they form alliances, they fight international wars, but they also have to deal with, for example, uprisings in conquered countries or civil wars, which may explode on their territory. You can also take part in these clashes, although you are also given the opportunity to lead a life as a pacifist who focuses on other activities in the game (for example, running a successful newspaper or selling products).
At the auction you can sell or buy your dream inventory.
E-Sim is a unique browser game. It's creators ensured realistic representation of the mechanisms present in the real world and gave all power to the players who shape the image of the virtual Earth according to their own. So come and join them and help your country achieve its full potential.
Invest, produce and sell - be an entrepreneur in E-Sim.
Take part in numerous events for the E-Sim community.
