| Saturday, August 25, 2012 - 04:58 am |
I dont understand the economy. My corporations are constantly losing value, although the vast majority (if not all) are making a profit monthly. The P/E ratios of my biggest companies (which is at 200 Quality + Efficiency) is increasing again (it hit 150, went down to 83, now its going back up).
Also, I've not spent any money myself, turned off automation all except buy supplies for the country (Military supplies is turned OFF), and I'm making a profit of about $20bn a month. yet I login today, and I've lost at least $1tn. And since there isnt a monthly Cash Change sheet, I cant see where too.
So how the hell do I fix my economy? (I also have many many workers available for companies to be created, yet cuz I'm broke, I cant make any). I'm assuming a large part would be social-welfare, if it wasnt for my profit/loss showing a monthly profit of +20Bn.
I've read the economy wiki page, didn't help, doesnt explain the things I need it to.
| Saturday, August 25, 2012 - 06:11 am |
In the future if you can be more specific as there are multiple topic here.
But There is a cash change page. If you check your finance page you will see your year to date changes. These changes are most likely what is responsible. These items aren't expenses but purchases or investments and are most likely responsible for your cash changes. It would be easy to assist and explain if we can see this sheet.
Social security can be devastating if you have large unemployment. It can even be acceptable to open up barely profitible corps to get this number down. But I will always recommend for long term gain first. high profit/high average salary corps, unless your on GR then back off the good corps.
Umm... as for not being able to make purchases because of no cash, I suggest you take out some loans. The interest rate is very miniscule, and you can spend money as long as your cash is in the green even if your debt is in the red.
With that said you are going to have to get yourself moving in the right direction with the debt. And their are several ways out of the red, and into the green if you learn more. Chances are that you are still recieving a beginners income boost, that will eventually go away. So you probably aren't really making 20B a month.
There are many things to look at here, you can have too high of expenses in SS, ED, Health. You may be recieving to little from profit transfers, corporate taxes, or income taxes. Income taxes can be compensated through higher wages. Also maybe your corps are losing money and you are transferring large sums of money to them. There can many reasons your corps lose money. too expensive supplies, not running at 100% hiring, low welfare lowers productivity. to name a few, well most.
So I hope that helps if you give a little more details about a certain issue then you can correct it and move onto the next
| Saturday, August 25, 2012 - 12:32 pm |
If you post your country name and which world you are on that would let us take a look for you to help see what is going on.
And if you want us too look, make sure you dont have the secrecy turned on (in your country settings menu) for finance.
Please be exact when posting your country name.
| Sunday, August 26, 2012 - 01:44 am |
The Republic of Crescellia
thats my country, and I'd have liked a Monthly cash change but there isnt one.
All my corps are running in the green, but their P/E ratios are all really high. And in general I wanted to know how to make more money, but since I can't figure out this economy system for the life of me, I cant give any specific details.
| Sunday, August 26, 2012 - 02:09 am |
He's on GR.
Ok so as its january there, I can't see what your cash flows are, but there are a couple things.
Not all your corps are upgrading, it is very difficult too make money with the base Q being 100. So keep them all upgrading.
It looks as if you are using Supply Qualities, but you have them set low. the 155-160 is a good number but when your quality is so low, you could in fact benefit from higher amounts.
Salaries are decent for a new president. But if you increase them a bit higher to say 250 at least the cost will pay for itself for sure with higher production.
Your employment isn't excellent. I mean its not horrendous but... It could lead to high social security costs. Unemployment ruins more indexes then just that also.
So now while you have this unemployment you can use that to petitions some CEO's to move in. They pay a % of their revenue for you lending them employees. This generally is very significant. (will also let you optimize your workforce with back to work schools, and Clinics).
Now fixing the umemployment problem might get tricky. The documentation recommends an Education index of 120, but I as well many others would recommmend it to be even higher. The 100 may be acceptable right now, but it will increase productivity and make it easier to keep your employment level rising with a stronger education index. You are going to need to bring that transportation level up, it woud appear is if you have not bought a single road, traintrack, or water thing. This cripples your ability to produce more materials.
This is why you only produce at 95% instead of the full 100%.
All and all your country looks really good. You are definetely on the right track. I cannot see your statement of cash flows atm so if i were to comment it would just be a guess. Buying hospitals and schools can be pricy they are not accounted for on your monthly income statement yet still cost money. They may in part have something to do with this. I also would like to point out without your begginning boost you are actually losing 12.5B a month. But if you stay in this route you will balance yourself out. Just get employment in line and upgrade those corps and you'll do fine.
| Sunday, August 26, 2012 - 05:15 pm |
Get the welfare index up. Everything contibutes to the welfare index. The most important index. Get it to 120 at least, hardish to do but you need it to do well.
| Sunday, August 26, 2012 - 11:30 pm |
It's normal if we close one of the poor performance corporations due to hiring numbers declining. Then put it back in when enough workers are applied to. If that's the case, the numbers of population per corporation should catch up in the end?
Say for instance, i'm trying to aim 1.4 per million population for the corporation.
Do you get my point?
The number is like this. 1.4 x 22.607977 = 31.65
Number of corporation needed. I'm already behind 0.65 which i have 31 corporations. Once it reach number 32, i should be able to put another corporation in if there is enough workers. This is only because i made mistake and i was behind in hiring, but i know what to do from here on.
I wouldn't be surprise if i could catch up the number.
Thank you, Anthony.
Edit: I have learned alot so far how the economy works. I will be working on the defense force once i make huge improvements. But, that's in the long term once i get the finance index of 200 or more i hope. Long term goal.
| Sunday, August 26, 2012 - 11:35 pm |
Anthony that was interesting and can be a good guideline, but itsn't neccessarily true. You can run at 100% hiring with far more than 1.4 corps per million population.
| Sunday, August 26, 2012 - 11:57 pm |
| Monday, August 27, 2012 - 08:08 pm |
How do I petition CEOs to setup in my country?
Also how do I upgrade my corps without spending RL money to get GC to get the upgrades? :/
| Monday, August 27, 2012 - 08:44 pm |
You ask on the forum, giving reasons like low tax, good welfare etc.
Upgrades are ordered through the corp itself if you want. You can do it one at a time but prob best to set the automatic buying of upgrades. Corp pays for them out of its SC$$$
| Thursday, August 30, 2012 - 04:22 am |
For the record, I did most of what was suggested. Took out a maximum Loan of 600bn.
I now have -660+Bn and falling, I setup several corporations too, and have taken steps to increase Welfare of the companies/country.
Its saying that I'm losing most of my cash to Defense purchases. I'm not buying anything and I deactivated Automation for that.
| Thursday, August 30, 2012 - 08:53 am |
It took me a long time to figure it out. Most of your defense spending is caused by garrisons and land/air units. You need to go into War Situation Index page and get rid of some or make them smaller. And when those weapons get put into storage(defense force index page), then you sell them. Only then will your defense cost fall.
| Thursday, August 30, 2012 - 09:28 pm |
Yes omer. Tarish, if you have units/wings/garrisons set up the country will automatically buy ammunition for them to replace the ammo they use monthly for training. This also applies to weapons in stock that aren't in units but are listed as active. This can get expensive, and a lot of ammo is increasing in price.
Anyways, the ONLY weapons you need in a main country are just enough offensive ones to take a C3 when you are ready to run another country (or just strip it for profit). Your main country cannot be attacked by anyone in any manner if you leave the secured setting on so no need for forts or any defenses. Save your money.
| Wednesday, October 31, 2012 - 09:42 pm |
How much money do people in your country pay per tax percent you have every month?
| Wednesday, April 17, 2013 - 03:59 pm |
I NEED SOME TIPS ON ECONOMY
| Wednesday, April 17, 2013 - 04:00 pm |
HOW I GET MORE TAXES FROM CITIZENS
| Wednesday, April 17, 2013 - 04:15 pm |
Raise pay level for your workers in Gov and Corp, also post your country name and world so other players can help you.
| Friday, April 19, 2013 - 02:51 am |
Royamz- go to "Departments" - "Labor" "government salaries" and "corp salaries" Change there. Some people set these at 300 with govt being close to the same as corps. While it increases your costs across the board, you do get higher "welfare" score and more taxes.
| Tuesday, October 28, 2014 - 04:09 am |
can someone look at my economy and tell me whats is wrong with it and then send me a message please my country is "the united Republic of rome" on wg
| Tuesday, October 28, 2014 - 04:13 pm |
Your financial settings are set to secret...impossible to tell unless you turn secrecy off.