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1.11  Economy  The current size of the economy is calculated each turn, and determines the level of consumer demand in the next turn. The size of the economy is the total amount spent on wages by all the companies.

1.12  Managing Director (MD)  Each turn, each operating company has one player appointed as managing director to control the operations of that company. At the end of each turn the MD for the next turn is decided. The new MD is normally the largest shareholder (if two players have the same number of shares then one is chosen at random). You may be the MD of more than one operating company at the same time.

1.13  Plant  "Plant" represents the buildings, machinery and equipment needed in order to manufacture commodities, and when it's not allocated to a production line is itself treated as a commodity (and sometimes referred to as "loose" plant). Once allocated to a given production line it is fixed in place and can't be moved or sold. Unlike other commodities it is not consumed during production, but remains available to be used again the following turn.

1.14  Score  Your score is the asset value of your player company. The object of the game is to reach a score of one million.

1.15  Shares  At the start of the game there are 100 shares in each company. These are bought and sold by the players, and control of each company is decided according to the ownership of the shares in that company. The money paid for shares sold by a company is added to the company bank balance.

1.16  Share Issues  During the course of the game it is possible for companies to make new share issues in batches of a further one hundred shares each time. This enables them to raise more money by selling shares to other companies.

1.17  Share Prices  The price of a share is the current price at which that share is traded on the stock market. This is the price at which the share can be bought or sold. Note that the price and value (see next paragraph) of a share can be different. Share prices normally vary according to supply and demand. Share prices are calculated at the end of each turn and apply for all transactions for the following turn. Prices do not change during the turn: only from one turn to the next.

1.18  Share Values  The value of a share is the total asset value of the company divided by the number of shares issued by that company. It is the VALUE of a share that contributes to a player's score, and the share value may be different to the share price.

1.19  Stock  In this game the phrase "stock" is normally only applied to stocks of commodities, although in general use the term is often treated as another name for a share (hence the term "stock market" for a market that deals in shares).

1.20  Trader  There are two types of players positions in Speculate II. A "Trader" position means you can play the markets, buying and selling shares and commodities, but you are not eligible to run any operating company (you still run your own player company - but player companies aren't involved in manufacturing and production).  Any shares you own still get vote, but you can't be voted for.

1.21  Tycoon  The second type of player position in Speculate II. A "Tycoon" positions means you can do all the stuff in these rules, and are eligible to be voted in as the MD.