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==What is Income?== | ==What is Income?== | ||
Incomes are the revenues or received | Incomes are the revenues or money received of a stakeholder and is expressed in the [[Currency]] active in a [[Project_Session|session]]. Income can be increased by certain actions such as selling houses or land, but also by loaning money to other stakeholders. | ||
==How does Income relate to the {{software}}?== | ==How does Income relate to the {{software}}?== | ||
In the {{software}}, income refers to the incoming money flow per [[stakeholder]] and | In the {{software}}, income refers to the incoming money flow per [[stakeholder]] and thereby enhancing the [[Budget]] of a stakeholder. This money can be used to compensate for made [[cost]]s. The start budget of a player at the beginning of a level is also seen as income. During a [[Project_Session|session]], a stakeholder can try to change its financial status using various methods. Incomes, together with [[Cost]]s, compose the total [[Budget]] of a [[Stakeholder]]. Income can be generated from diverse types of sources. | ||
===Types of Income=== | ===Types of Income=== | ||
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====Income from constructions (rent)==== | ====Income from constructions (rent)==== | ||
: When a | : When a [[Construction]], such as an apartment block, is finished, the building will generate income for the owner. In order to calculate rental income, the total rent over a building during it's economical life span is added to the budget of the owner upon completion of the building. | ||
==== | ====Income from selling==== | ||
: Selling an object will generate income in the form of sales income. Even extreme low price settings will generate income. This does not mean that the income generates profit automatically, as that depends on prior costs before the transaction. For example, selling a piece of land for a low price of 1 Euro per square meter, when previously a construction was demolished there for 10.000 Euro per square meter, will generate income, however, there will be a negative profit margin (loss) left over after the sale. | : Selling an object will generate income in the form of sales income. Even extreme low price settings will generate income. This does not mean that the income generates profit automatically, as that depends on prior costs before the transaction. For example, selling a piece of land for a low price of 1 Euro per square meter, when previously a construction was demolished there for 10.000 Euro per square meter, will generate income, however, there will be a negative profit margin (loss) left over after the sale. | ||
====Subsidies==== | ====Subsidies==== | ||
: Subsidies are a form of income where one party grants a sum of money to another party, often with special conditions. A municipality can grant a subsidy to a project developer for a certain project, under condition that the developer uses the subsidy to construct extra green roofs, parking lots, water storage, etc | : Subsidies are a form of income where one party grants a sum of money to another party, often with special conditions. A municipality can grant a subsidy to a project developer for a certain project, under condition that the developer uses the subsidy to construct extra green roofs, parking lots, water storage, etc. | ||
====(Bank) Loans==== | ====(Bank) Loans==== | ||
: A special form of income are (bank) loans. According to the definition, loans do increase the budget (= monetary consumption ability) available for the borrowing stakeholder. However, loans are subtracted from the lenders capital. In case the stakeholder has a bigger loan | : A special form of income are (bank) loans. According to the definition, loans do increase the budget (= monetary consumption ability) available for the borrowing stakeholder. However, loans are subtracted from the lenders capital. In case the stakeholder has a bigger loan than actual capital, the stakeholder will not be able to score at all (in the total score). It is also worth considering that borrowing money costs money (interest), which is a cost (See also [[Cost#Interest (loan costs)|Interest (loan costs)]]) | ||
====Money Transfers from other Stakeholders==== | ====Money Transfers from other Stakeholders==== | ||
: It is possible to receive a money transfer from other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an action that also positively affects an indicator for another stakeholder. The acting stakeholder can receive a money transfer as contribution from the affected stakeholder. | : It is possible to receive a money transfer from other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an action that also positively affects an indicator for another stakeholder. The acting stakeholder can receive a money transfer as a contribution from the affected stakeholder. | ||
{{article end | {{article end | ||
Revision as of 15:10, 29 October 2020
What is Income?
Incomes are the revenues or money received of a stakeholder and is expressed in the Currency active in a session. Income can be increased by certain actions such as selling houses or land, but also by loaning money to other stakeholders.
How does Income relate to the Tygron Platform?
In the Tygron Platform, income refers to the incoming money flow per stakeholder and thereby enhancing the Budget of a stakeholder. This money can be used to compensate for made costs. The start budget of a player at the beginning of a level is also seen as income. During a session, a stakeholder can try to change its financial status using various methods. Incomes, together with Costs, compose the total Budget of a Stakeholder. Income can be generated from diverse types of sources.
Types of Income
The platform distinguishes a wide variety of different types of income:
Income from constructions (rent)
- When a Construction, such as an apartment block, is finished, the building will generate income for the owner. In order to calculate rental income, the total rent over a building during it's economical life span is added to the budget of the owner upon completion of the building.
Income from selling
- Selling an object will generate income in the form of sales income. Even extreme low price settings will generate income. This does not mean that the income generates profit automatically, as that depends on prior costs before the transaction. For example, selling a piece of land for a low price of 1 Euro per square meter, when previously a construction was demolished there for 10.000 Euro per square meter, will generate income, however, there will be a negative profit margin (loss) left over after the sale.
Subsidies
- Subsidies are a form of income where one party grants a sum of money to another party, often with special conditions. A municipality can grant a subsidy to a project developer for a certain project, under condition that the developer uses the subsidy to construct extra green roofs, parking lots, water storage, etc.
(Bank) Loans
- A special form of income are (bank) loans. According to the definition, loans do increase the budget (= monetary consumption ability) available for the borrowing stakeholder. However, loans are subtracted from the lenders capital. In case the stakeholder has a bigger loan than actual capital, the stakeholder will not be able to score at all (in the total score). It is also worth considering that borrowing money costs money (interest), which is a cost (See also Interest (loan costs))
Money Transfers from other Stakeholders
- It is possible to receive a money transfer from other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an action that also positively affects an indicator for another stakeholder. The acting stakeholder can receive a money transfer as a contribution from the affected stakeholder.