Runescape Economy

Runescape Economy

RuneScape Economy
The RuneScape economy is​ quite similar to​ real world economics .​
One difference, however, is​ that skill development is​ encouraged along side wealth accumulation .​
Various currencies are used regionally throughout RuneScape .​
Inflation is​ controlled by various means, as​ is​ the​ economy in​ general .​
The base of​ the​ economy is​ comprised of​ potatoes and​ wheat, then fish, logs, ores and​ coal and​ also bones and​ raw meat accumulated by killing monsters .​
a​ second tier of​ commodities is​ made up of​ items processed from harvested items includes tanned hides, metal bars, cooked foods, gems and​ runes .​
a​ third tier is​ made up of​ fully processed items and​ rare items .​

The value of​ commodities is​ primarily determined by scarcity and​ the​ skill level required to​ obtain them .​
Items that are not readily available are more valuable .​
Those items that require a​ higher skill level are scarcer and​ therefore more valuable .​
Monetary value is​ not the​ only judge of​ value .​
If a​ lot of​ experience is​ gained, the​ value of​ the​ commodity is​ also increased .​

The primary currency in​ RuneScape is​ gold pieces or​ coins .​
This currency is​ often referred to​ as​ gp .​
However, there are also alternate currencies .​
One of​ these is​ Tokkul .​
This currency, made of​ black obsidian, was introduced into the​ city of​ Tzhaar in​ 2018 .​
Tokkul can be acquired by killing high-level demons and​ as​ an​ award in​ the​ Fight Pits and​ Fight Caves .​
Players can also earn a​ type of​ currency called Trading Sticks .​
These are obtained by performing favors for​ community members .​
New currencies are continuously being introduced into RuneScape .​
However, these are usually confined to​ specific regions or​ can only be used to​ purchase certain items .​

All buying and​ selling prices at​ specialty stores are controlled .​
The price is​ determined by the​ value of​ the​ item and​ the​ quantity in​ stock .​
It is​ possible to​ make quick money by buying cheaper items that are overstocked and​ then selling them to​ stores where these items are not in​ stock for​ a​ higher price .​
Alchemy spells allow players to​ collect valuable goods because of​ their alchemical value rather than the​ real value .​
Inflation is​ also controlled by assuring that money leaves the​ game .​
Barrows weapon and​ armor sets are just one of​ the​ ways in​ which this is​ done .​
Since they require constant repair, money is​ continuously leaving the​ game as​ it​ is​ paid to​ an​ NPC .​
Also, Construction has caused a​ drop in​ the​ price of​ items such as​ Party hats and​ whips .​
Thus, RuneScape serves as​ a​ virtual world with a​ virtual economy .​
It is​ controlled but continuously changing .​
Knowing how the​ overall economy works can facilitate the​ moneymaking process.

Runescape Economy

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