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==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 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 [[ | 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 [[planning 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=== | ||
Revision as of 09:09, 6 October 2022
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 planning 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.
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.