Virtual Economies

A virtual economy is an economy that exists within a virtual world, such as a video game or online social network. In a virtual economy, players can buy, sell, and trade virtual goods and services using virtual currency. Continue Reading Below

About Virtual Economies

A virtual economy is an economy that exists within a virtual world, such as a video game or online social network. In a virtual economy, players can buy, sell, and trade virtual goods and services using virtual currency. Virtual economies can be influenced by the same economic principles as real-world economies, such as supply and demand, and they can have a real-world economic impact.