The Gold Standard
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by NoneSuch
In nearly every simulation game involving the selling and buying of products there are inexperienced business owners effectively destroying the economy. They do this by selling their product one increment lower than the standard price. It doesn't stop there though, more people keep doing this so that they can get their product off the shelf first and get immediate profit. While it might benefit the sole proprietor of the company, it hurts everyone else and eventually affects the country. Stop selling your product for cheaper than even you can afford.
It isn't just these Q1 products in the marketplace that everyone has been talking about either. I went to look at the price of gold yesterday and people are selling it for .19 as opposed to the usual .20. People, please stop being so selfish and greedy and post your gold at the standard price. This is going to cause the value of our dollar to go down and is going to help perpetuate the downfall of our economy.
I know this doesn't seem in the best interest of the consumer, but it really is. What is the point in buying cheaper products if your salary has to suffer for it?
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Regarding GOLD, petty competition actually benefits consumers since it reduces currency margins. This allows newcomers to sell their GOLD at a price where they can buy more resources than if higher margins existed.
Another thing is that such pettiness wouldn\'t be going on the GOLD supply wasn\'t so high. A lower supply would mean GOLD would be getting exchanged faster, so vendors wouldn\'t feel as strong an urge to skimp out on market prices.
Well you have a point on the pettiness benefiting consumers, but since when do all these people shunning the creation of new companies care about the consumer? Don\'t take this the wrong way, because your comment was constructive, but wouldn\'t selling products below their cost to produce help the consumer as well?
As for the abundance of GOLD on the market, there\'s nothing we can do about that since GOLD is supposed to be a finite thing. I do know one way to get rid of all this gold is...making a company.
its called capitalism its what we pay for the cheapest product
If the abundance of defaults outstrips the interest made on business loans, then overproduction occurs meaning that prices out pace wages. Companies become less able to hire workers, and mass unemployment ensues meaning that consumers can\'t buy anything at all.
Capitalism isn\'t about underselling your competitors just because you can either. Drive around your hometown, aren\'t nearly all your gas prices the same? That\'s called a functioning economy.
My last comment for the time being. We can\'t really compare this system to a real capitalistic society because there are different qualities of product that sell for the same price and that is why certain companies pull ahead of the others. In reality, I could hypothetically sell a Q2 food for nearly a Q1 price. That\'s why my company would get the consumers and not the place down the street.
Everybody price fix
Price Fixing hurts everybody and preserves the status quo. Free Markets work, because they reduce costs and makes everything affordable to the masses. I\'d like to buy a house, but its expensive. Hopefully free market capitalism brings down the price. This article touches on the good topic, but the author seems to want a socialist nation where prices are dictated from a central office. A place where Government knows best. A horrible idea. An idea that leads to shortages and dead citizens who cannot afford to feed themselves because fixed prices are unaffordable. Or so low that it isn\'t worth being in that business and thus nobody is producing.
I don\'t see how people wouldn\'t be able to afford these products as long their salaries are proportionate to company\'s income.