Build your own wow MMORPG Economy

There are a number of things that affect prices of items. First, if an item is easily available from a vendor, then odds are other characters won't be able to sell the same item for a lot more money. However, the prices of other items are heavily influenced by supply and demand.On the one hand, the great thing about an MMORPG is that you can go out and "farm" almost any resource you might need.If you sell them at the insane rate then you're simply adding to the problems. However, if you undercut the insane rate by too much, all you're doing is enabling the folks selling at ridiculous rates to buy your low-priced items then turn around and sell them at the ridiculous rates. Whereas if enough people undercut the high rates by a little at a time, it can slowly drive the prices back down. I've seen this happen on some servers, so it can work.

Apart from the rather sad statement on an individual's priorities that this makes, it can also unbalance an economy to a certain extent; you're only helping to drive prices up further and encourage farmers to monopolize farming areas when you do this (which means you're making your own problem worse).However, in some ways it seems to me that the whole argument is moot. Spend at least part of your game time farming your own supplies. Don't always buy them from others. If you don't like the price you'd have to pay for something, simply find out where to acquire it on your own and go get it. If you aren't willing to do this, accept that you can't have everything you want.Don't fall into the vanity trap of having to have that one perfect item right here right now. Either wait until you're high enough level to acquire or create it on your own, or go without. If you really must buy it for some reason, then keep watch on the auction house and trade channels. Decide in advance what a reasonable price for the item would be and do not buy it until you see it for that price (or close to it).