[Presidency] Let's All Work Together to Improve our Economy

Day 1,852, 02:03 • Published in South Africa South Africa • by Al Kazar

The eSA economy, and the economy of eRepublik in general, is totally screwed up. Salaries and market prices for raw materials, weapons and food are a joke.

Manager production (or self-production) results in goods being sold for next to nothing because players think it costs them nothing to produce, but this bad financial practice is one of the main reasons for the broken economy.

The other main reasons are not supporting your own local economy no matter the short-term cost and bypassing the marketplace to donate goods or supplies directly to citizens.

There is no financial incentive to sell goods on the marketplace and tax collection to generate income for the country (to benefit all citizens) has become so pathetic that countries could become bankrupt.

Larger countries possibly get by with the taxes raised due to their larger population, but smaller countries like eSA struggle especially if citizens buy and sell on foreign markets for the short-sighted benefit of lower prices.

Pricing goods at economically sound levels has the added benefit of increasing the salaries that can be paid to workers, allowing them to afford to buy more (even at higher prices).

This could have a snowball affect of improving the overall economy and improving the finances of the country and every citizen of the country.

I would like to appeal to all citizens of eSA to support our local economy by buying and selling locally and by not drastically underpricing your goods.

So what if our prices are higher than places like eBrazil - eSouth Africans should be supporting their own country by buying locally, thereby supporting their fellow eSouth Africans and, at the end of the day, themselves as well.

Following is a breakdown of actual costs that should be used as the basis for determining the cost of producing goods in eSA (even if you are self-producing).

Raw Materials (both Weapons and Food):
(figures are based on a production bonus of 40%, a salary of 20 ZAR, and using the highest quality farm etc.)

Each worker (and manager) will produce 350 RM at a cost factor of 20 ZAR, giving a production cost of 0.06 ZAR each

Suggested selling price for both WRM and FRM - 0.04 to 0.10 with a recommended price of 0.07 ZAR

Weapons:
(figures based on a WRM price of 0.07 ZAR, a production bonus of 40%, and a salary of 20 ZAR)

Q1:
Each worker (and manager) will produce 14 weapons using 140 WRM (with a cost factor of 9.80 + 20 salary), giving a production cost of 2.13 ZAR each

Suggested selling price (incl 10% VAT) - 2.50 to 3.00 with a recommended price of 2.75 ZAR

Q2:
Each worker (and manager) will produce 14 weapons using 280 WRM (with a cost factor of 19.60 + 20 salary), giving a production cost of 2.83 ZAR each

Suggested selling price (incl 10% VAT) - 3.30 to 4.00 with a recommended price of 3.65 ZAR

Q3:
Each worker (and manager) will produce 14 weapons using 420 WRM (with a cost factor of 29.40 + 20 salary), giving a production cost of 3.53 ZAR each

Suggested selling price (incl 10% VAT) - 4.20 to 5.00 with a recommended price of 4.60 ZAR

Q4:
Each worker (and manager) will produce 14 weapons using 560 WRM (with a cost factor of 39.20 + 20 salary), giving a production cost of 4.23 ZAR each

Suggested selling price (incl 10% VAT) - 5.00 to 6.00 with a recommended price of 5.50 ZAR

Q5:
Each worker (and manager) will produce 14 weapons using 700 WRM (with a cost factor of 49.00 + 20 salary), giving a production cost of 4.93 ZAR each

Suggested selling price (incl 10% VAT) - 5.80 to 7.00 with a recommended price of 6.40 ZAR

Q6:
Each worker (and manager) will produce 14 weapons using 840 WRM (with a cost factor of 58.80 + 20 salary), giving a production cost of 5.63 ZAR each

Suggested selling price (incl 10% VAT) - 6.60 to 8.00 with a recommended price of 7.30 ZAR

Q7:
Each worker (and manager) will produce 14 weapons using 2800 WRM (with a cost factor of 196.00 + 20 salary), giving a production cost of 15.43 ZAR each

Suggested selling price (incl 10% VAT) - 18.00 to 22.00 with a recommended price of 20.00 ZAR

Foo😛 (10% more production so costs 10% less)
(figures based on a FRM price of 0.07 ZAR, a production bonus of 40%, and a salary of 20 ZAR)

Q1:
Each worker (and manager) will produce 140 food using 140 WRM (with a cost factor of 9.80 + 20 salary), giving a production cost of 0.21 ZAR each

Suggested selling price (incl 10% VAT) - 0.25 to 0.30 with a recommended price of 0.28 ZAR

Q2:
Each worker (and manager) will produce 140 food using 280 WRM (with a cost factor of 19.60 + 20 salary), giving a production cost of 0.28 ZAR each

Suggested selling price (incl 10% VAT) - 0.33 to 0.40 with a recommended price of 0.37 ZAR

Q3:
Each worker (and manager) will produce 140 food using 420 WRM (with a cost factor of 29.40 + 20 salary), giving a production cost of 0.35 ZAR each

Suggested selling price (incl 10% VAT) - 0.42 to 0.50 with a recommended price of 0.46 ZAR

Q4:
Each worker (and manager) will produce 140 food using 560 WRM (with a cost factor of 39.20 + 20 salary), giving a production cost of 0.42 ZAR each

Suggested selling price (incl 10% VAT) - 0.50 to 0.60 with a recommended price of 0.55 ZAR

Q5:
Each worker (and manager) will produce 140 food using 700 WRM (with a cost factor of 49.00 + 20 salary), giving a production cost of 0.49 ZAR each

Suggested selling price (incl 10% VAT) - 0.58 to 0.70 with a recommended price of 0.64 ZAR

Q6:
Each worker (and manager) will produce 140 food using 840 WRM (with a cost factor of 58.80 + 20 salary), giving a production cost of 0.56 ZAR each

Suggested selling price (incl 10% VAT) - 0.66 to 0.80 with a recommended price of 0.73 ZAR

Q7:
Each worker (and manager) will produce 140 food using 2800 WRM (with a cost factor of 196.00 + 20 salary), giving a production cost of 1.54 ZAR each

Suggested selling price (incl 10% VAT) - 1.80 to 2.20 with a recommended price of 2.00 ZAR

I appeal to all eSA citizens to be Proudly eSouth African (and economically patriotic) by basing the prices of goods on the eSA marketplace on figures like these (especially if you self-produce), by buying locally and supporting your fellow countrymen that are Proudly eSouth African, and by doing your bit to help fix and rebuild our economy.