Economic overview – Norway
Day 131, 13:05
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Published in Norway 
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by
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by Evleos
Economic overview – Norway
In the wake of recent changes in the nature of eRepublik, the economic landscape in eNorway has changed dramatically. I will in this article give a short overview of sale value per point of productivity in the different sectors, with the focal point on q1. It is worth mentioning that about NOK 20 = 1 GOLD
New citizen productivity = 1x2 = 2 (ignoring turnup and increase in productivity due to scale)
Food
With the entrance of more fierce foreign competition in the Norwegian food market, food prices have been slashed by almost 50% in Q1. We are now seeing real sale prices of 11 cent, down from about 17cent some days ago. The value created per point of productivity is thus 0.11 NOK.
The value created per productivity = NOK 0.11
New citizen neutral wage = NOK 0.22
Gifts
This marked has seen a tremendous increase in prices due to the recent changes. The Norwegian gift industry has gone from a selling price of NOK .10 per gift, to a current selling price of NOK 1.22. Each gift takes 2 productivity points to create, thus;
The value created per point = NOK 0.61
New citizen neutral wage = NOK 1.22
Moving tickets
This market seems extremely lucrative
Value creation per point = NOK 1.08
New citizen neutral wage = NOK 2.16
Property
This market is far from saturated, thus:
Value created per point = NOK 0.405
New citizen neutral wage = NOK 0.81
Weapons
Due to lacklustre demand the q1 value creation is rather low:
Value created per point = NOK 0.243
New citizen neutral wage = NOK 0.486
Conclusion
The Norwegian market is extremely imbalanced, there is a 10x difference in value creation from top to bottom. There is definitely overproduction in the food sector; new players must be encouraged to work elsewhere. But why is the market failing so miserably? Perhaps due to the fact that some powerful groups have equal wages for all sectors with the same skill level. This policy does not move our workforce to the sectors where it is needed the most! And gift, moving ticket workers? You know where to move
*Taxes are not removed from these numbers – they are actually a bit lower.
In the wake of recent changes in the nature of eRepublik, the economic landscape in eNorway has changed dramatically. I will in this article give a short overview of sale value per point of productivity in the different sectors, with the focal point on q1. It is worth mentioning that about NOK 20 = 1 GOLD
New citizen productivity = 1x2 = 2 (ignoring turnup and increase in productivity due to scale)
Food
With the entrance of more fierce foreign competition in the Norwegian food market, food prices have been slashed by almost 50% in Q1. We are now seeing real sale prices of 11 cent, down from about 17cent some days ago. The value created per point of productivity is thus 0.11 NOK.
The value created per productivity = NOK 0.11
New citizen neutral wage = NOK 0.22
Gifts
This marked has seen a tremendous increase in prices due to the recent changes. The Norwegian gift industry has gone from a selling price of NOK .10 per gift, to a current selling price of NOK 1.22. Each gift takes 2 productivity points to create, thus;
The value created per point = NOK 0.61
New citizen neutral wage = NOK 1.22
Moving tickets
This market seems extremely lucrative
Value creation per point = NOK 1.08
New citizen neutral wage = NOK 2.16
Property
This market is far from saturated, thus:
Value created per point = NOK 0.405
New citizen neutral wage = NOK 0.81
Weapons
Due to lacklustre demand the q1 value creation is rather low:
Value created per point = NOK 0.243
New citizen neutral wage = NOK 0.486
Conclusion
The Norwegian market is extremely imbalanced, there is a 10x difference in value creation from top to bottom. There is definitely overproduction in the food sector; new players must be encouraged to work elsewhere. But why is the market failing so miserably? Perhaps due to the fact that some powerful groups have equal wages for all sectors with the same skill level. This policy does not move our workforce to the sectors where it is needed the most! And gift, moving ticket workers? You know where to move
🙂
*Taxes are not removed from these numbers – they are actually a bit lower.
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Comments
oppsiktsvekkande!!!!!
Let us just create some bigger numbers:
Skill level 4, wellness = 100.
4x3x1.08=12,96
That is the value creation of such a worker in a Q1! moving company in Norway. This is equal to 0.65 gold.
Severe imbalances in the Norwegian market, and it may undermine Norway\'s possibility to wage war - very low amount of moving tickets - high prices. Internal subidies are thus not in the nations best interest !
There\'s not really a market for moving companies yet. I guess it\'s like this for the moving companies all over the world.
I beg to differ - a healthy profit and high prices for Binary Routing indicates otherwise. There is more demand compared to supply in the routing market compared to e.g. the food market.
Numbers don\'t lie
compared to the food marked theres more demand everywhere. lol. There\'s a huge lack of gifts for example. Binary sold tickets in Greece for tons of money, so that\'s probably where some of their income comes from. I wouldn\'t recommend jumping on the moving business just yet to earn money, but if others can confirm that it is in fact a lucrative market, then go on. It just doesn\'t seem like a consumer market just yet, and personally I\'ve only ever needed 1 ticket.
The demand for moving tickets will be there on the 7th of april when the war module starts. Getting a company started and upgraded before then is probably not the worst idea in this game...
@Kim: If you take a look at Binary routing q1 you will see that they make a nice profit in norway - even without acounting for exports. With all salaries paid, even for the exported goods, they make a nice profit...
\"compared to the food marked theres more demand everywhere\"
There is not a lack of demand in the food market, just too much supply!
@Cikey
Yes, demand will increase even more and the supply side will be unable to respond - even higher prices. Unless people grab the opportunity proven in this overview.
\"There\'s not a lack of demand, just too much supply\"
Too much supply is caused by a lack of demand. 😛
Hehe, however; the demand of food is quite fixed 😉
There is not much you can do to increase total domestic demand.
It is with joy I notice that the food market has dramatically increased its prices during the last two days. I will soon post a new economic overview 🙂