Economy: Player-Run, what does that exactly mean?

It means that alot of the day-to-day dealings will be run by players. The world will run on a player-based economy, once players have had time to familiarize themselves with the land they will be able to begin forging alliances, building kingdoms and guilds and interacting at numerous levels of the game. Vendors will be hired by Craftsmen to sell their goods, there will be a few NPC vendors though.