Economy - Revision history

StalEF at 10:26, 6 February 2026

2026-02-06T10:26:15Z

← Older revision		Revision as of 12:26, 6 February 2026
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	For a [[Store]] working you will need a 18 cubic metre free space in a room with a 0.8 (Tier 1) average room tier. You can start with a room out of [[Adobe]]. When the store is working, choose a catchy title. It is wise, that you dont change the name for that store, so it gets name recognition.		For a [[Store]] working you will need a 18 cubic metre free space in a room with a 0.8 (Tier 1) average room tier. You can start with a room out of [[Adobe]]. When the store is working, choose a catchy title. It is wise, that you dont change the name for that store, so it gets name recognition.
	~~[[File:Price Calculator.png\|thumb]]~~


	[[Category: Game concepts]]		[[Category: Game concepts]]

StalEF: /* Setting Prices */

2026-02-06T10:25:54Z

Setting Prices

← Older revision		Revision as of 12:25, 6 February 2026
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	[[File:Price Calculator.png\|thumb]]		[[File:Price Calculator.png\|thumb]]

	~~=== Setting Prices ===~~
	When you press "G" Ingame, it will open data about the server. There is a price calculator with every sold item on the server. If your production is not in store, try to put up components yourself. When you pick your prices, try to be reasonable. You need customers and trust to get money, so you can buy stuff.
	[[Category: Game concepts]]		[[Category: Game concepts]]

Kahlrazzia: /* Setting Prices */ Removed Mod.

2025-11-23T18:37:07Z

Setting Prices: Removed Mod.

← Older revision		Revision as of 20:37, 23 November 2025
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	=== Setting Prices ===		=== Setting Prices ===
	When you press "G" Ingame, it will open data about the server. There is a price calculator with every sold item on the server. If your production is not in store, try to put up components yourself. When you pick your prices, try to be reasonable. You need customers and trust to get money, so you can buy stuff.		When you press "G" Ingame, it will open data about the server. There is a price calculator with every sold item on the server. If your production is not in store, try to put up components yourself. When you pick your prices, try to be reasonable. You need customers and trust to get money, so you can buy stuff.

	~~Alternative to the ingame price calculator is [https://eco-gnome.com/ EcoGnome]~~
	[[Category: Game concepts]]		[[Category: Game concepts]]

Kahlrazzia: Added description to Setting up stores

2025-11-23T09:34:28Z

Added description to Setting up stores

← Older revision		Revision as of 11:34, 23 November 2025
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	There are two types of currency in ECO: player credit and minted currency.		There are two types of currency in ECO: player credit and minted currency.
	=== Player credit ===		=== Player credit ===
	Player currency is created automatically when the player joins the world for the first time. Each player currency is unique to a specific player and can only be acquired by selling items to their Store(s).		Player currency is created automatically when the player joins the world for the first time. Each player currency is unique to a specific player and can only be acquired by selling items to their Store(s). It is a bartering system. If you want to sell stuff you need to buy stuff as well.
	==== Example ====		==== Example ====
	If you sell stone at the store of the player ''Iceberg'', you receive 20 ''Iceberg Credit''. This paper allows you, to buy something worth 20 ''Iceberg Credit'' at this store again, at any time later. It is like a promise, written on paper. If ''Iceberg'' refuses to accept your 20 ''Iceberg Credit'' to buy something from his store, then he breaks his promise. He might also break his promise, if he inflates his currency a lot (e.g. when you sold the stone, you would have been able to buy 20 logs for that money, but now you can only buy 5, because he raised the price). Both things are a reason to give negative reputation.		If you sell stone at the store of the player ''Iceberg'', you receive 20 ''Iceberg Credit''. This paper allows you, to buy something worth 20 ''Iceberg Credit'' at this store again, at any time later. It is like a promise, written on paper. If ''Iceberg'' refuses to accept your 20 ''Iceberg Credit'' to buy something from his store, then he breaks his promise. He might also break his promise, if he inflates his currency a lot (e.g. when you sold the stone, you would have been able to buy 20 logs for that money, but now you can only buy 5, because he raised the price). Both things are a reason to give negative reputation.
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	=== Treasury ===		=== Treasury ===
	Various transactions in the Eco economy can be taxed globally using a [[Treasury]] by the government. For more information about this process, see [[Government]].		Various transactions in the Eco economy can be taxed globally using a [[Treasury]] by the government. For more information about this process, see [[Government]].

			== Setting up a Store ==
			(This will be filled)

			For a [[Store]] working you will need a 18 cubic metre free space in a room with a 0.8 (Tier 1) average room tier. You can start with a room out of [[Adobe]]. When the store is working, choose a catchy title. It is wise, that you dont change the name for that store, so it gets name recognition.
			[[File:Price Calculator.png\|thumb]]

			=== Setting Prices ===
			When you press "G" Ingame, it will open data about the server. There is a price calculator with every sold item on the server. If your production is not in store, try to put up components yourself. When you pick your prices, try to be reasonable. You need customers and trust to get money, so you can buy stuff.

			Alternative to the ingame price calculator is [https://eco-gnome.com/ EcoGnome]
	[[Category: Game concepts]]		[[Category: Game concepts]]

StalEF at 12:51, 18 June 2024

2024-06-18T12:51:05Z

← Older revision		Revision as of 14:51, 18 June 2024
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	[[Store\|Stores]] are the backbone of the player economy system. They are furniture which must be placed inside a room for players to trade items. Stores can be set by the owner to buy and sell certain items.		[[Store\|Stores]] are the backbone of the player economy system. They are furniture which must be placed inside a room for players to trade items. Stores can be set by the owner to buy and sell certain items.

	This can be useful for all players. For example, a smelter may buy [[Iron Ore]] and sell [[Iron ~~Ingot~~]]s. They would make a profit because they have a higher smelting efficiency than the player selling them the Iron Ore.		This can be useful for all players. For example, a smelter may buy [[Iron Ore]] and sell [[Iron Bar]]s. They would make a profit because they have a higher smelting efficiency than the player selling them the Iron Ore.

	A store is using a currency selected by the owner. This can be ''none'', resulting in barter trade, or a player credit or minted currency (see below). Barter trade means, the shop owner does not hand out any credit to a customer. So after the trade has been done, neither the store owner has any debt nor does the customer.		A store is using a currency selected by the owner. This can be ''none'', resulting in barter trade, or a player credit or minted currency (see below). Barter trade means, the shop owner does not hand out any credit to a customer. So after the trade has been done, neither the store owner has any debt nor does the customer.

StalEF at 11:27, 13 June 2024

2024-06-13T11:27:34Z

← Older revision		Revision as of 13:27, 13 June 2024
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	~~{{contentneeded}}~~
	The exchange of resources and services in Eco is based on an entirely player-created economic system. Unlike most games which only allow players to buy and sell items, Eco allows players to handle the exchange of resources, items, work/labor and other services in a [[store]], a contract board, and via other objects.		The exchange of resources and services in Eco is based on an entirely player-created economic system. Unlike most games which only allow players to buy and sell items, Eco allows players to handle the exchange of resources, items, work/labor and other services in a [[store]], a contract board, and via other objects.

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	Keep those three facts in mind when trying to apply real world economic theories (same is valid for government topics).		Keep those three facts in mind when trying to apply real world economic theories (same is valid for government topics).
	== Stores ==		== Stores ==
	~~{{Main\|Store}}~~
	[[Store\|Stores]] are the backbone of the player economy system. They are furniture which must be placed inside a room for players to trade items. Stores can be set by the owner to buy and sell certain items.		[[Store\|Stores]] are the backbone of the player economy system. They are furniture which must be placed inside a room for players to trade items. Stores can be set by the owner to buy and sell certain items.

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	By using a player credit or minted currency, the store owner hands out credit to the customer, if the customer sells more then he buys. This means, the store owner now has a debt and the customer might return later, to buy something, in order to reduce this debt.		By using a player credit or minted currency, the store owner hands out credit to the customer, if the customer sells more then he buys. This means, the store owner now has a debt and the customer might return later, to buy something, in order to reduce this debt.
	== Contracts ==		== Contracts ==
	~~{{Main\|Contracts}}~~
	Contracts are a written agreement between two or more players. What is agreed in a contract is entirely up to the player who created it, and as such they may vary wildly. Since it requires consent from everyone involved in the contract, if the contract is too complex, impossible to complete, or no other players want to agree to the contract then you won't be able to find anyone who wants to take part. Any player may write their own contracts and post them on a [[Contract Board]] that has been placed in the world.		Contracts are a written agreement between two or more players. What is agreed in a contract is entirely up to the player who created it, and as such they may vary wildly. Since it requires consent from everyone involved in the contract, if the contract is too complex, impossible to complete, or no other players want to agree to the contract then you won't be able to find anyone who wants to take part. Any player may write their own contracts and post them on a [[Contract Board]] that has been placed in the world.

	The game cannot force anyone to complete the contract. But any party of a contract (creator or members) can give negative reputation in case the other party does not comply with the contract.		The game cannot force anyone to complete the contract. But any party of a contract (creator or members) can give negative reputation in case the other party does not comply with the contract.
	== Work parties ==		== Work parties ==
	~~{{Main\|Work Parties}}~~
	Work parties can be created for any crafting project on a [[Contract Board]]. The owner can add clauses (e.g. insert 100 log or perform 1000 carpentry 2 labor) and can adjust available roles. Any other player that has access to the contract board can then accept a role, if he passes the requirements (e.g. carpentry 2). The owner can change adjust the reward for the participating players.		Work parties can be created for any crafting project on a [[Contract Board]]. The owner can add clauses (e.g. insert 100 log or perform 1000 carpentry 2 labor) and can adjust available roles. Any other player that has access to the contract board can then accept a role, if he passes the requirements (e.g. carpentry 2). The owner can change adjust the reward for the participating players.
	Most crafting projects will already prefill the work party configuration once you create a work party, but this default configuration can be manually adjusted.		Most crafting projects will already prefill the work party configuration once you create a work party, but this default configuration can be manually adjusted.
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	Bank accounts movement and value can be seen in the economy viewer. This is also the place where you can transfer money.		Bank accounts movement and value can be seen in the economy viewer. This is also the place where you can transfer money.
	=== Treasury ===		=== Treasury ===
	~~{{Main\|Treasury}}~~
	Various transactions in the Eco economy can be taxed globally using a [[Treasury]] by the government. For more information about this process, see [[Government]].		Various transactions in the Eco economy can be taxed globally using a [[Treasury]] by the government. For more information about this process, see [[Government]].
	[[Category: Game concepts]]		[[Category: Game concepts]]

108.162.216.253: /* Examples (there is many more possible combinations) */

2021-06-10T14:06:20Z

Examples (there is many more possible combinations)

@@ Line 48: / Line 48: @@
 Keep in mind: the minimum value in a store for any item is 0.01 (so even the cheapest material like wood pulp must either be sold for 0.01 or for free).
 ==== Bank Accounts ====
 A player can interact with a [[bank]] in order to create multiple bank accounts. By default, a player has a personal account (that cannot be deleted). This account will be used for every transaction by default.

Silsha: /* Minted currency */

2021-05-29T04:58:16Z

Minted currency

← Older revision		Revision as of 06:58, 29 May 2021
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	A minted currency can be backed by a cheap resource (e.g. [[Wood Pulp]], Fiber), a rare resource (e.g. [[Gold Bar\|Gold Bars]]) or a limited resource ([[Land Claim Papers]]).		A minted currency can be backed by a cheap resource (e.g. [[Wood Pulp]], Fiber), a rare resource (e.g. [[Gold Bar\|Gold Bars]]) or a limited resource ([[Land Claim Papers]]).
	A mint might be operated by only the owner itself, or everyone might have access to it and be able to print ~~his~~ own money if ~~he provides~~ the necessary resources.		A mint might be operated by only the owner itself, or everyone might have access to it and be able to print their own money if they provide the necessary resources.
	When the currency is created, the owner of the mint must select a ratio for currency to resource. This determines how much currency is produced, per provided resource.		When the currency is created, the owner of the mint must select a ratio for currency to resource. This determines how much currency is produced, per provided resource.
	The minting is NOT reversible, you cannot obtain the raw resource used to create the currency anymore.		The minting is NOT reversible, you cannot obtain the raw resource used to create the currency anymore.

Silsha: /* Minted currency */

2021-05-29T04:56:30Z

Minted currency

← Older revision		Revision as of 06:56, 29 May 2021
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	While player credit can be created without any effort and up to infinite amounts, minted currencies (also called backed currency) can't. In order to create new currency, you have to use a resource (item). This item can be selected by the owner of the [[mint]], but it can be selected only once! If you want a different resource for backing, you need to create a different currency.		While player credit can be created without any effort and up to infinite amounts, minted currencies (also called backed currency) can't. In order to create new currency, you have to use a resource (item). This item can be selected by the owner of the [[mint]], but it can be selected only once! If you want a different resource for backing, you need to create a different currency.

	A minted currency can be backed by a cheap resource (e.g. [[Wood Pulp]], Fiber), a rare resource (e.g. [[~~gold~~]]) or a limited resource ([[~~claim papers~~]]).		A minted currency can be backed by a cheap resource (e.g. [[Wood Pulp]], Fiber), a rare resource (e.g. [[Gold Bar\|Gold Bars]]) or a limited resource ([[Land Claim Papers]]).
	A mint might be operated by only the owner itself, or everyone might have access to it and be able to print his own money if he provides the necessary resources.		A mint might be operated by only the owner itself, or everyone might have access to it and be able to print his own money if he provides the necessary resources.
	When the currency is created, the owner of the mint must select a ratio for currency to resource. This determines how much currency is produced, per provided resource.		When the currency is created, the owner of the mint must select a ratio for currency to resource. This determines how much currency is produced, per provided resource.

Silsha: /* Work parties */ Fix links

2021-04-28T15:41:31Z

Work parties: Fix links

← Older revision		Revision as of 17:41, 28 April 2021
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	== Work parties ==		== Work parties ==
	{{Main\|Work Parties}}		{{Main\|Work Parties}}
	Work parties can be created for any crafting project on a [[~~contract board~~]]. The owner can add clauses (e.g. insert 100 log or perform 1000 carpentry 2 labor) and can adjust available roles. Any other player that has access to the contract board can then accept a role, if he passes the requirements (e.g. carpentry 2). The owner can change adjust the reward for the participating players.		Work parties can be created for any crafting project on a [[Contract Board]]. The owner can add clauses (e.g. insert 100 log or perform 1000 carpentry 2 labor) and can adjust available roles. Any other player that has access to the contract board can then accept a role, if he passes the requirements (e.g. carpentry 2). The owner can change adjust the reward for the participating players.
	Most crafting projects will already prefill the work party configuration once you create a work party, but this default configuration can be manually adjusted.		Most crafting projects will already prefill the work party configuration once you create a work party, but this default configuration can be manually adjusted.
	== Currency ==		== Currency ==