[ARC] Detailed Game Mechanics - Economic

Day 2,689, 14:27 Published in USA USA by I am The Best23

American Revival Charity (ARC)

This is the first of a series of articles describing the detailed game mechanics of the economy in erepublik in hopes to educate our newest members. We accept donations as well and for every dollar donated to the charity I will match it up to 1,000cc. Please give any feedback in the comments or message me here http://www.erepublik.com/en/citizen/profile/5593648

If you are level 25 or below you can sign up for ARC here https://docs.google.com/forms/d/1L5FzI-3cdB_R2vFE0uKYj9gDvxvzMgC1WSuJMdSkOUg/viewform

Economic

Working and Companies
The economic module in eRepublik has a few different aspects. You can buy and sell products and companies. You can also hire workers to work in your companies. You can access your companies page by hovering over the “My Places” tab on your taskbar and clicking on “Companies”. You will now see your employer and your companies. If you aren’t working for somebody you will be directed to the job market, otherwise you can get there by hovering over the “Market” tab and clicking “Job Market” now you can select one of the available jobs to work in. Now once you are back in your “Companies” page you just click the big green button that says “Work”. You can also work overtime if you have at least 24 overtime points. You get one overtime point every hour from every house you have active. Now to work in your companies just make sure you have selected all the boxes under where it says “work as manager” and click the big green button that says “Start Production”. You will need a certain amount of Raw Materials to produce goods.

Employees
If you have employees you can select them as well to work in certain companies. Not all companies can use employees. To hire them simply click on the blue button where it says employees, then click the blue “+” button and add how many employees you want to hire and set their wage. You can also edit your current employees salary and fire employees in this section.

Work Tax
As with any economy there is always taxes to be payed to the government. The taxes are set by congress and include: Work Tax, Import Tax, and Value Added Tax (VAT). The work tax is similar to an income tax. You pay this one when you work for your employer and when you work in your own companies. Currently in the eUSA the work tax is at 10%. So when you work for your employer 10% of your salary will be taken out and sent to the government automatically. However, the work tax becomes more complex when you work in your own companies. It is based off of the average national salary over the last 30 days. For example, in eUSA the current average salary is at $34.57 and if we have a 10% work tax then it will cost you $3.46 to work as manager in each one of your own companies. This tax does not apply to you if you are only producing with employees in a company.

Import Tax
The Import Tax can be anywhere between 1-99% and is implied on a player selling goods in a foreign market which has the import tax in place.

Value Added Tax (VAT)
The VAT is a tax this is applied to products when you sell them. It can not be put on raw materials however. Food, Weapons, Moving Tickets, and Houses all have a VAT. The VAT is a certain percentage between 1-99% that the government takes on each product you sell.

Market License
A market license can be purchased in another country for 20 gold. When you are in your storage at the bottom where you sell goods you will see drop down menu to pick which country to sell your goods in. Buying a license in another country allows you to sell in that country. You will pay the Import tax plus the VAT tax of the country you are selling in.

Trade Embargos
A Trade Embargo law can be passed by congress and will be active for 30 days. This will restrict players of the respective countries from buying or selling any products on the market. Also only one of the countries needs to pass the Trade Embargo law for it to be in effect for both countries.

Creating and Upgrading Companies
To create a company click on the blue button “Create new company” on your Companies page and select what you wish to build. To upgrade a company you need to hover over the icon until a green and red button appear. The green button is to upgrade and downgrade and the red button is to Sell/dissolve your company. Dissolving a company will give you back 50% of the cost.

Storage
To navigate your storage hover over “My Places” and click “storage”. Here you can see all of your final products, raw materials, collectables, rockets, and your products for sale. Your final products include: Food, Weapons, Moving Tickets, Houses, Energy Bars, Rockets, Bombs, Bazooka Boosters, and Work Tickets. Your Raw Materials include: Food Raw Materials (FRM), Weapon Raw Materials (WRM), and House Raw Materials (HRM). Your collectables are mainly just your bazooka parts. When you have at least one of every part you can create a bazooka. You can get these parts randomly when fighting on the battlefield or you can buy them from the “Gold & Extras” page. You can also create your rockets here. And lastly this is where you go to sell your products on the marketplace. To do so just pick what you want to sell, how much, and what price. The Value Added Tax (VAT) is added automatically. You can buy licenses’ to sell in other countries for 20 gold. To cancel an offer, hover over it and click on the red X on the right when it appears. Finally, you can upgrade your storage to unlimited amounts it can hold. To do so go to your storage through the "My Places" tab and at the top should be a blue "+" button to the right of where it says how much storage you currently have. Click on that and you should be able to add more storage.

Marketplace
The Marketplace is found under the “Market” tab on your taskbar. Here you can buy Food, Weapons, Moving Tickets, Houses, Food Raw Materials, Weapon Raw Materials, House Raw Materials, and Companies. There are a few others that have been discontinued and are no longer relevant. For Food, Weapons, Moving Tickets, and Houses there are different qualities.

Monetary Market
The Monetary Market can be found under the “Market” tab on your taskbar. This is where you can buy and sell gold and currencies. This trading is done globally and all currencies are equal. You can only buy up to 10 gold per day due to a rule that limits receiving 10 gold by donations or monetary market. However, you can sell as much as you want. The Monetary Market is unlocked at experience level 15 or if you are below 15 but have purchased gold with Real Life (RL) money.

Companies For Sale
The Companies For Sale can be found under the “Market” tab on your taskbar. Here is where you can buy companies that other players are selling. When you sell your own company it will show up here. As said before you can sell a company when you are on your companies page and hover over the one you want to sell until a green and red button appear. Click the red button and you can either dissolve it for half the cost or sell it within a certain range.



That is all for Economic look for articles coming soon on other parts of the game. And if you would like to answer a quick survey on what you think of ARC it can be done here to help us improve. https://docs.google.com/forms/d/1dW14QgjqsbHKS7iW45kGt1EiC-FGNjYI4YHzYnFEMFc/viewform?usp=send_form

Nobody who gave his best ever regretted it

-George Halas


God Bless America

I am The Best23