As some of you might know I am a business driven player. Why?
Well first of all I'm quite peaceful and I learn a lot just from the in game economics. Not all of it can be applied but some of it can.
Ok so here's the One Million Dollars subject. As some of you might know right now the game's economic module is divided into one single state run economy. Some of you might argue that's not quite true but in all fairness let's go over what I have to say shall we?
Players like myself which are purely economic players can make anywhere from 5,000 to 14,000 US dollars a day depending on how much they play. Problem is they usually give up or take the easy route by building a q5 factory to be a commune. Well instead of building a commune why don't you analyze this in a purely economic sense. Work for yourself and buy bread for yourself. Look for high monetary export markets. Me? I look towards Argentina where I can sell food RM at .35 ARG.
How much can you make with that?
Well when you start building up a nice little empire you are looking at serious money. Well over 5000 dollars a day.
Well currently I produce 21,000 RM food units a day which I can sell at .35 in argentina. Money? Sure, 7,350 ARG which I then turn into gold at a 1 gold=1000 ARG conversion scale and then into US dollars at the same rate.
Then easily I can convert that into USD for a clean 7000+ dollars profit a day. I am operating at only 1/3 of my full capacity. At full capacity I should be able to clear a clean 15,000+ a day. 105,000+ dollars a week.
Suppose that instead of having a massively poor populace earning only 90 dollars a day we have less taxation and incentives to create private businesses. Suppose only 10 people operated at full capacity (if they had 180 Q4 raw material mines or farms) and there were either private or public programs to help people achieve a high investment portfolio? Result: with only 10 people making 15,000+ a day GDP grows by 1,050,000 dollars per week. a day we could match our equivalent ROI (retun of investment) in an economy of 8,800 people in the game.
Free trade and exports will always make more money than state run economies.
Economic specialization delivers incredible success stories
This creates an incentive to be an entrepeneur, especially the reduction of VAT taxes
Also, cut down on income taxes to allow newbs to grow more powerfully economically
Educate the people about the inefficiency of communes in general and factories in general. Let's go towards the free market guys. Start thinking globally and we can tenfold our gdp. Really? Yes, free trade makes everybody insanely rich. If I can buy food cheap as heck in eChina why are we even producing them when we could be selling RM to other nations and buying tanks from other nations?
What is this?You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.