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RE: Economy demystified

 
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RE: Economy demystified - 6/13/2011 6:33:15 PM   
Data


Posts: 3909
Joined: 1/3/2011
Status: offline
quote:

AFAIK nothing built outside of a colony is currently allowed to be upgraded in anyway.


very well put and entirely correct

_____________________________

...Igniting stellar cores....Recharging reactors...Recalibrating hyperdrives....

(in reply to cookie monster)
Post #: 31
RE: Economy demystified - 6/14/2011 2:44:59 PM   
Locarnus


Posts: 287
Joined: 5/30/2010
From: Earth, Sol
Status: offline 		Yeah, checked it.

Nothing upgrades.
From about 250 small freighters, 200 are totally inefficient (fuel) and slow ones using old caslon reactors.

I have no idea how to get rid of them.

But the worst part is, that the mining stations do not upgrade, escpecially the gas mining ones.
So I have lots of gas mining stations using only 2 extractors, while the more recent ones use 6 extractors and the next version will prob upgrade to 8 gas extractors.

I have a valuable system right in the middle of 7 empires, which are constantly at war. Guess where their fleets get their fuel from... I should put a commerce center on my gas mining stations (does this effect the profit?).
Needless to say, my freighters around this system are not quite oversupplied with fuel...

(in reply to Data)
Post #: 32
RE: Economy demystified - 6/14/2011 2:52:27 PM   
cookie monster


Posts: 1693
Joined: 5/22/2005
From: Birmingham,England
Status: offline 		I once made a new design for freighters and they were incredibly slow to retrofit to it.

My guess is it's broke, but I would prefer that someone confirms.

If you like micromanagement you can via the editor delete the obsolete freighter/gas station and place your latest design there. You lose the resources in the cargo bay though.

Commerce centers effect profit, check the galactopedia.

If your freighters are lacking fuel in a sector cos of reserved fuel for trading put a resupply ship there.

(in reply to Locarnus)
Post #: 33
RE: Economy demystified - 6/14/2011 6:12:18 PM   
Theluin


Posts: 189
Joined: 5/13/2011
From: Europe, Terra
Status: offline 		If you have a good space port network you can get rid of old freighter by opening the Ships and Bases screen, navigating to freighter, selecting them all using shift+arrow keys and then clicking scrap. The downside is that if you had had more than about 200 freighters before you scrapped'em, your space ports will be producing them for about a year and during the first months you may have a resource distribution problem.
PS You can use this method to scrap anything else, like old mining ships, mining stations or passenger liners.
PPS This is also a quick method for disbanding fleets. Just navigate to military ships instead of freighters, sort the list by fleets, select all the ships in the fleet you want to disband and set their fleet to none.


< Message edited by Theluin -- 6/14/2011 6:21:24 PM >

(in reply to cookie monster)
Post #: 34
RE: Economy demystified - 6/14/2011 7:16:12 PM   
Data


Posts: 3909
Joined: 1/3/2011
Status: offline 		This is about the only ingame option we have though retiring the ships at least recovers the resources.

_____________________________

...Igniting stellar cores....Recharging reactors...Recalibrating hyperdrives....

(in reply to Theluin)
Post #: 35
RE: Economy demystified - 9/2/2012 10:32:47 AM   
Sithuk

 

Posts: 431
Joined: 12/17/2010
Status: offline 		The private sector now retrofits with the Legends expansion. Are there any significant other economy changes?

I'm having a difficult time reconciling the cashflow summary in the top right of the "main" screen with the detailed economy breakdown under the empire summary screen (F6). Has anyone worked out why the cashflow summary can be so far out? I'm showing large negative cashflow which never seems to drawdown my cash pile. If my cash pile does reduce it doesn't reduce by anywhere near what it should according to the large negative cashflow estimate given on my summary in the top right. The difference isn't accounted for by private sector shipbuilding activities or resort income which are shown in the Empire Summary (F6) screen.

Could the cashflow discrepancy be caused by private sector retrofitting activities? Does private sector retrofitting generate income and if so where is the income shown?

(in reply to Data)
Post #: 36
RE: Economy demystified - 9/2/2012 2:30:21 PM   
Pipewrench


Posts: 453
Joined: 1/5/2010
Status: offline 		The easiest way to explain this is :

The top Money number is your current cash on hand. Purchasing anything the state will use comes out of here.

The middle Cash flow number is dedicated to tax revenue - the total maintenance cost of all your state owned ships and bases.

The bottom Bonus Income is dedicated to freighter or passenger revenue every time an order is placed. This is a tax levy from your commerce centers. This is a point of sale purchase and will fluctuate.


Cash flow number:

If you raise taxes, you push the number towards the positive.
After you build a new ship or base or resort, the maintenance cost will be added towards the negative.


Bonus number:

Every station or port has a commerce center.
When the private sector books a delivery run it pays the commerce tax on how much profit the freighter will make. The profit is based on how much the resource currently is valued at x quantity - fuel. (I am speculating on fuel as it could be a separate order)

If the destination is owned by you:

With strategic deliveries the tax collected is minimal and with low fuel costs the private makes a very small profit.
With luxury deliveries a higher tax is collected because the private sector makes more profit.
With tourists a premium is paid at the resort.

Private sector builds:

Any private sector build or retrofit order must use your shipyards. This generates bonus income.

< Message edited by pipewrench -- 9/2/2012 2:50:34 PM >

(in reply to Sithuk)
Post #: 37
RE: Economy demystified - 6/14/2014 1:49:51 PM   
BlueTemplar


Posts: 887
Joined: 4/29/2010
Status: offline 		- From what I see, retiring a ship doesn't give you any money back, only resources (all of them). Out of a half dozen ships retired, I only once seemed to get something back : 25 credits (about 5,7% of the ship's cost) - bonus income displayed +13.

- Scrapping a ship doesn't give you anything, even if it was over one of your planets.

- I couldn't find a way to retire a Construction ship at a planet, even though it was built there.

- Money is generated by population about every 37 days (about 1/10 of a year).
- State seemed to get only about 1/4 (+2.5%) of the displayed Leader colony income bonus (+10%) (while Private seemed to get the whole 10%).

- Ship maintenance costs are paid about every 73 days (about 1/5 of a year).

- Ship maintenance cost displayed in the design screen is the yearly maintenance cost. It seems to be about 30%-40% of ship cost. Exploration ships and Construction ships seem to actually cost 20% less in maintenance than displayed in the design screens. (Small Space Ports cost the amount displayed.)

- Pirate "protection" costs are paid about every 73 days (about 1/5 of a year).

(in reply to Pipewrench)
Post #: 38
RE: Economy demystified - 6/14/2014 5:54:56 PM   
FingNewGuy


Posts: 183
Joined: 4/11/2014
From: Boulder, CO
Status: offline
quote:

- Pirate "protection" costs are paid about every 73 days (about 1/5 of a year).


As accurate, very helpful to know. Can watch that timing closely and cancel the protection agreement before the succeeding tranche gets paid out.

(in reply to BlueTemplar)
Post #: 39
RE: Economy demystified - 6/14/2014 6:29:20 PM   
BlueTemplar


Posts: 887
Joined: 4/29/2010
Status: offline 		Though you also have to pay the monthly (not 72 days') amount straight away.

(in reply to FingNewGuy)
Post #: 40
RE: Economy demystified - 6/14/2014 6:33:23 PM   
FingNewGuy


Posts: 183
Joined: 4/11/2014
From: Boulder, CO
Status: offline 		OK! Thanks for the clarification.

(in reply to BlueTemplar)
Post #: 41
RE: Economy demystified - 2/21/2016 2:29:05 PM   
Hattori Hanzo


Posts: 734
Joined: 3/21/2011
From: Okinawa
Status: offline 		can someone by any chance tell me when and how often taxes are paid ?

(in reply to cookie monster)
Post #: 42
RE: Economy demystified - 2/21/2016 3:36:42 PM   
BlueTemplar


Posts: 887
Joined: 4/29/2010
Status: offline 		I'm a bit rusty, but isn't it this?
quote:

ORIGINAL: BlueTemplar
- Money is generated by population about every 37 days (about 1/10 of a year).


(in reply to BlueTemplar)
Post #: 43
RE: Economy demystified - 2/21/2016 3:45:01 PM   
Hattori Hanzo


Posts: 734
Joined: 3/21/2011
From: Okinawa
Status: offline 		thank you BlueTemplar, I didn't notice it..

so the tax amount that we see on the empire summary screen is the annual amount and 1/10 of it is collected 10 times in a year more or less every 37 days starting from the beginning of the year - correct ?


(in reply to BlueTemplar)
Post #: 44
RE: Economy demystified - 2/21/2016 5:03:27 PM   
BlueTemplar


Posts: 887
Joined: 4/29/2010
Status: offline 		If I Remember Correctly, yes, but to be honest I was just passing through here, I haven't really played the game since the time of that post (almost 2 years ago). Also things might have been changed since.
But in this specific case, it shouldn't be too hard to check, should it?

(in reply to Hattori Hanzo)
Post #: 45
RE: Economy demystified - 2/21/2016 5:35:45 PM   
Retreat1970


Posts: 948
Joined: 11/6/2013
From: Wisconsin
Status: offline 		I would argue every 14ish days, but don't hold me to that. It doesn't seem to hold a pattern well.

(in reply to BlueTemplar)
Post #: 46
RE: Economy demystified - 3/1/2016 4:17:18 AM   
NephilimNexus

 

Posts: 194
Joined: 9/2/2014
Status: offline 		The best way to make more money for the private sector is to go to the ship almanac and scrap about fifty of your freighters and/or mining ships at random. The AI will then immediately try to replace all of them at once, and the bill for that will be paid from the private sector savings (which you can't access) directly into your government treasury (which you can access).

(in reply to cookie monster)
Post #: 47
RE: Economy demystified - 3/13/2017 4:11:25 PM   
BlueTemplar


Posts: 887
Joined: 4/29/2010
Status: offline 		For the sake of the completeness, here's the information from the Galactopedia with a very nice chart :
quote:

Your Empire



Your empire consists of your colonies – worlds where you have a loyal population.

The citizens of your colonies act independently of your actions and form your Private economy. They actively seek to improve their colonies and increase their wealth.

Thus these citizens seek out business opportunities trading in-demand goods between your colonies and the colonies of other empires.

Hardy citizens will also form mining expeditions – extracting valuable resources all over the explored galaxy and returning them to your space ports for use.

The population on each of your colonies will grow over time, eventually reaching a natural limit on each type of world. As the population grows it produces more income, providing a larger tax base to fund your empire.

State Income
Your State economy is funded by four main sources of income:

1. taxes on your colonies

2. fees on transactions at your space ports

3. private citizens purchasing ships for construction at your space ports

4. bonuses from free trade agreements with other empires

Thus your strategy for boosting state income should include the following:

· Keep expanding your empire with new colonies – this stimulates trade and causes your private citizens to purchase more freighters and other ships

· Ensure safe trade routes for freighters transporting goods to your colonies – higher level development at colonies means more tax income

· Seek free trade agreements with friendly empires to supplement your income. You reap bonus income from the total trade volume between your two empires.



< Message edited by BlueTemplar -- 3/13/2017 4:12:03 PM >

(in reply to NephilimNexus)
Post #: 48
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