5,204
edits
Daxia: Difference between revisions
m
no edit summary
mNo edit summary Tag: 2017 source edit |
mNo edit summary Tag: 2017 source edit |
||
| Line 155: | Line 155: | ||
===Overview=== | ===Overview=== | ||
The Democratic Republic of Corumm possesses a mixed economy that combinines elements of both a traditional and planned economy. While its GDP per capita of around $33,000 puts it squarely in the middle of the pack for individual incomes, its total national GDP of $23 trillion makes it one of the larger economies in the eastern part of the world. Most sectors of the economy; be it agriculture, manufacturing, defense, are dominated by a few oversized companies which often have sizable advantages over exterior competitors seeking to enter the Corummese market. While there have been steps towards economic liberalization in the past decades, the State maintains a firm monopoly over many sectors of the economy seen as strategic such as the energy, communications and mining sectors while keeping in place at times not so subtle preferential policies towards native companies. Coming out of an economic downturn in the late 1990's, the opening of new markets and acquisition of vast natural resources due to the aggressive expansion into Crona has seen a massive expansion of economic activity in the present day. | |||
There also exist traces of a parallel or informal economy that is run by either criminal elements or members of the ruling Party, with vast sums of money never being entering the formal financial sector and remaining outside the purview of the tax authorities. The size of this black market economy has never been properly assesed but experts theorize it could represent the equivalent to 5% of the current GDP. | |||
====Formal Economy==== | ====Formal Economy==== | ||