Understanding the World of Warcraft economy can be a challenging and overwhelming task to the new player. The good news is that the system is not nearly as intimidating as it appears to be to many. As a matter of fact, it has been established that the in-game economy is much like the economy in the “real” world. In this article, I will offer some in-depth information regarding the basics of the World of Warcraft economy. By learning these basics, and keeping them in mind as you attempt to accumulate gold for your character, you will find that you will be much more successful.
The Concept of Supply and Demand
The concept of supply and demand in World of Warcraft is much the same as the economy of the world that we live in. There are limits or “supply” of any particular item or the items in the game in general. The demand aspect is the amount of players that seek the particular items. If a small amount of people want certain items, then naturally those items have a low demand because the amount that is supplied is sufficient. The costs associated with these items will generally be low. If a large number of people want the same type of item, and there is a limited supply, then the Buy wow gold overall demand is increased. This results in those items being sold for much more than if the demand was low.
Rarity ties right in with supply and demand when it comes to the World of Warcraft economy. When you stumble upon items in the game, you will notice that the title or name of that item often has a certain color associated with it. These colors are gray, white, green, blue, purple, and orange. Each of the colors that are associated with these items determines the overall “rarity” of the item. Below, you will find the rarity of the colors mentioned here:
1. Gray items are considered to be “poor” when it comes to rarity, which means that they lack value, or there is a large supply in the game.
2. White items are considered to be “common”. While these items are worth a bit more than the gray in-game items, they are, well, just common.
3. Green items are considered to be “uncommon” and are worth money in the World of Warcraft economy.
4. Blue items are “rare” and can be worth quite a bit because the demand is high, and the supply is actually relatively low.
5. Purple items are referred to as “epic” and are extremely difficult to come across, so the demand for them makes them worth several, several gold in the game.