- Dec 2018
- Tempe, AZ
Would you feel better with "controlled economy"?PaulSmith69, I googled “artificial economy”. its an “abstract” model of an economy used for analyzing and to understand how populations and markets behave. You believe that analyzing to learn is undesirable? Respectfully, Supposn
An artificial economy is a model, an abstraction of reality. The simplest forms have two agents with "wants", at least one scarce production factor, more than one scarce commodity or service, a basis for exchange (rudimentary institutions) and some level of inequality.
or refer to https://en.wikipedia.org/wiki/Artificial_economics