ON how the T-Economy is fucked. You are right it is because of several aspects.
Also shocking we agreed on something maybelline Sorry everyone for a lengthy blog on an economy that is meaningless
1. Technically and economic assumption is that people always act rationally. We know that not to be true on Tengaged.
2. One example of people not acting rationally, even if T$ were actual money there is still no economic incentive to join any game on this site. The only one that there might be would Survivor contingent on a long Survivor merge. However, a majority of people stand to lose money by joining most games on this site. In real life the payout system would need to be vastly different our almost no people would actually join.
3. We have a fixed quantity supplied in shops and I think auction to some degree. Usually prices are obtained in any free market like system by supply and demand. Firms are never price makers unless their is a monopoly on the market. However, here firms are the price makers because there is a fixed maximum quantity supplied and shop owners can charge through the roof.
4. You are right about the t wealth if you want to call it that being stratified.
5. Also once again people on here do not buy with any type of rationale sense. Designs can go for 600 and upwards sometimes. Literally you are spending the equivalent of 30$ or more on pix-elated designs which when you look at it is insane.
6.Shop owners can literally buy their stock to move on and receive discounts. Imagine if Wal-mart only existed because Wal-Mart bought all its own stuff and gave itself a portion of the money. Yes in the long run WALMART will fail but here it tends to be the case. I remember when people would just buy all their stock to move on. In a real market firms wont do that.
The market system on this website revolves around forcing users to buy overpriced items because Demand is too high and shop owners can't increase supply because they're limited to 35 stock.
We need more shops per week or else these shop prices will just keep going up and then will hit a point where only incredibly rich TV stars would be able to buy designs (and we see that starting to happen already).
maybelline not completely true you are right about the necessity of more shops. Eventually if they keep selling to high even though their is a limited supply the price will cause a surplus and people who post wont sell anything to high. However, they literally are going to have crash our market first if they keep jacking it up. It also seems to be that the price system is arbitrary to where one person post first and everyone post there. However, I could be wrong about the last part because i have never had a shop. In the meantime I am going to keep hoarding t
