In a mixed economy Price is a driving force for buying-selling decisions. We have historical data for price fluctuations. Whenever buyer feels that the price is low – it is time to consider buying. Same works for selling goods. If prices are up the seller has a very good chance to make some money.
The scarcity of resources makes both buying and selling decisions more complicated. The online game I am playing has the features of real life: a farmer cannot invest all money into cattle even though the prices are extremely low; some resources should be spent for other necessities like food for cattle, wheat etc.
One of the ways to increase demand and supply for products is to go bigger and get a bigger share of the market. We may call it monopolistic approach.
The other way is to concentrate on some products thus taking a niche market space.
Tatiana, sounds like you really understood the game and all the dynamics you were playing with. Did you win any games and how many tries did it take for you? And what was it you learned to win or get ahead.
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