There were to economic parts to the game, that of the market and that of personal finance. The overall market was relatively free. Merchants could sell as they wanted to, as long as they were producing the cloth. They were faced with a very challenging decision, however, and that was whether or not to invest industrial machinery in order to produce more. These technological advances are a huge factor in changing supply. As the merchants were able to sell more, they were able to expand, thus investing more into labor. For the craftsman class, the game was all about successfully marketing and selling a product. During this game, one of the most important aspects of the marketing plan was the price. The strategy of the carpenters was to price low so that they would be able to sell more machines. The craftsmen were making minimal profit on each machine, but merchants could afford to buy more of those machines. Both parties had to constantly be doing cost-benefit analyses in order to know what tactic would bring them the most
There were to economic parts to the game, that of the market and that of personal finance. The overall market was relatively free. Merchants could sell as they wanted to, as long as they were producing the cloth. They were faced with a very challenging decision, however, and that was whether or not to invest industrial machinery in order to produce more. These technological advances are a huge factor in changing supply. As the merchants were able to sell more, they were able to expand, thus investing more into labor. For the craftsman class, the game was all about successfully marketing and selling a product. During this game, one of the most important aspects of the marketing plan was the price. The strategy of the carpenters was to price low so that they would be able to sell more machines. The craftsmen were making minimal profit on each machine, but merchants could afford to buy more of those machines. Both parties had to constantly be doing cost-benefit analyses in order to know what tactic would bring them the most