online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
No download needed!
What is Simcountry?
Beginners Info
What is Simcountry?

How free is the market really? (White Giant)

Simcountry: Simcountry Bulletin Board  How free is the market really? (White Giant)

Jo Jo Hun (Fearless Blue)

Sunday, November 16, 2008 - 12:21 am Click here to edit this post
So each day (month) 15 of the poor slobs who are demanding their apples are not receiving them. Next day, they demand again, maybe more feverishly...again, 15 poor slobs, though not the same 15, are denied their apples. So demand and supply are chronically unbalanced, yet life goes on. I'll buy that as part of the explanation.

You'd think, though, that the apple growers would increase their asking prices. And that the apple eaters might willingly pay more, for fear of hunger. How is the market price determined anyway? There's the market maker for apples. What does he have to say? He probably wants to think a bit before he answers...something about not upsetting the apple cart.

--Jo Jo Hungry

Simcountry Introduction