How to improve economy.
Moderators: Balthagor, Legend, Moderators
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Comrade Tassadar
- Sergeant
- Posts: 14
- Joined: May 14 2005
How to improve economy.
Since this is going to be started anyway...I might as well be the one
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lordrune
- Lieutenant
- Posts: 98
- Joined: Dec 26 2004
- Location: Australia
Are you going to tell us how, or are you asking for assistance? 
My hints from beta (as yet unproven with release) are as follows:
-Build industry to create jobs. The most income is created from a near-full employment situation.
-Keep prices to domestic consumers high. This increases the value of your sales, and also has the potential to improve exports (as long as your unemployment is low and production is high). Consumers didn't mind in beta if they couldn't afford as many goods in an inflated economy, so long as their nominal GDP/c was high.
-Don't bother investing too much in efficiency. As you produce more goods, you'll use more raw materials, and your efficiency costs will also increase as you produce more. You can also get into the trap of producing more than people are prepared to buy from you on the world market - even if you're selling at a low price!
-Don't skimp to much on social spending. Infrastructure should always be at recommended level as a minimum. It all helps to create jobs and keep that GDP/c high, and that marvelous inflationery pressure
Does this strategy flop in release? More to come in this thread...
My hints from beta (as yet unproven with release) are as follows:
-Build industry to create jobs. The most income is created from a near-full employment situation.
-Keep prices to domestic consumers high. This increases the value of your sales, and also has the potential to improve exports (as long as your unemployment is low and production is high). Consumers didn't mind in beta if they couldn't afford as many goods in an inflated economy, so long as their nominal GDP/c was high.
-Don't bother investing too much in efficiency. As you produce more goods, you'll use more raw materials, and your efficiency costs will also increase as you produce more. You can also get into the trap of producing more than people are prepared to buy from you on the world market - even if you're selling at a low price!
-Don't skimp to much on social spending. Infrastructure should always be at recommended level as a minimum. It all helps to create jobs and keep that GDP/c high, and that marvelous inflationery pressure
Does this strategy flop in release? More to come in this thread...