Economics Games

All of the resources for business that are important –  money,  people,  raw materials… are scarce and must be managed carefully if you choose to spend a dollar on development, that’s a dollar you can’t spend on marketing or hiring extra employee.  You have to organize all the places you could efficiently spend your investing and prioritize them by how much value they will add to your business.  As you increase production, some of your costs will decrease because of economies of scale.  You will save when you buy materials and ingredients in larger quantities. The lower costs per unit may be due to bulk buying of raw materials, marketing costs spread over more units, or more efficient labour.

Also it is important to realize what are your competitors doing and you can decide how to coordinate your business. You are able to set a price if you can show how the product has a uniqueness or innovative quality and is worth more for the value.  Of course, the price covers costs (cost of raw materials and the cost of operating business)

For exploring the following three free games on running business, and managing sales and purchases through pricing, you can find out how challenging to manage the business in this competitive market.

v  Farmersi  (http://farmersi.net/

v  Diner City (http://games.t45ol.com/play/6132/diner-city.html)

v  McDonald’s video game (http://www.mcvideogame.com/game-eng.html)