Difference between revisions of "Economics"
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For example, if a given production technique produces 500 blocks of some type per hour, and we know that the diamond standard is about M10,240 per hour, then we know 10240 / 500 = 20.48. So a fair price for the block being produced is around M21. | For example, if a given production technique produces 500 blocks of some type per hour, and we know that the diamond standard is about M10,240 per hour, then we know 10240 / 500 = 20.48. So a fair price for the block being produced is around M21. | ||
In some cases, Survivors will use Technica machines to artificially generate materials. This can depress the price of the a commodity dramatically, since these machines are typically capable of producing materials far faster than individual Survivors can using traditional means. Some examples of blocks which have been farmed using Technica include Bamboo, Cactus, and Iron. | |||
Revision as of 19:27, 14 December 2021
LEIGH&CO Economy
The LEIGH&CO Economy is built around diamonds as the reference standard. The official currency of the LEIGH&CO economy are marbles. The injection mechanism for currency (how capital is created) is the diamond exchange. At any Central Bank location, LEIGH&CO will buy any quantity of marbles for at least the basic diamond price (BDP). The BDP is currently 160. Further, LEIGH&CO pledges not to change the BDR more than 4 times per year. As of Y2S3, the BDR has never changed.
Diamonds are a fixed non-renewable resource and cannot be created through traditional Technica. Consequently it is possible to fix a time/money standard. LEIGH&CO Statisticians have estimated that a experienced Survivor using efficient techniques and utilizing Fortune III can yield, on average, about 64 diamonds per hour, or M10,240 per hour. This can serve as a basis for establishing prices for goods.
For example, if a given production technique produces 500 blocks of some type per hour, and we know that the diamond standard is about M10,240 per hour, then we know 10240 / 500 = 20.48. So a fair price for the block being produced is around M21.
In some cases, Survivors will use Technica machines to artificially generate materials. This can depress the price of the a commodity dramatically, since these machines are typically capable of producing materials far faster than individual Survivors can using traditional means. Some examples of blocks which have been farmed using Technica include Bamboo, Cactus, and Iron.