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Economy of Arcerion: Difference between revisions
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Arcerion produces other manufactured goods, notable steel and other metals, and this sector of manufacturing has remained strong historically. The founding of [[Arcerion Steel Corporation]] in 1848 coincided with a large economic boom, as Arcer steel was of high quality and the prices were much lower than Levantine counterparts. It quickly became a sought after product and Arcer factories and steel magnates grew in size and production continued to soar, as international buyers bought millions of tons by 1900. With the conclusion of the Great Wars, steel and other manufactured metal products (such as aluminum and copper) continued to drive both manufacturing sector jobs as well as a large corporate market share. Arcer steel continues to dominate the Cronan market. | Arcerion produces other manufactured goods, notable steel and other metals, and this sector of manufacturing has remained strong historically. The founding of [[Arcerion Steel Corporation]] in 1848 coincided with a large economic boom, as Arcer steel was of high quality and the prices were much lower than Levantine counterparts. It quickly became a sought after product and Arcer factories and steel magnates grew in size and production continued to soar, as international buyers bought millions of tons by 1900. With the conclusion of the Great Wars, steel and other manufactured metal products (such as aluminum and copper) continued to drive both manufacturing sector jobs as well as a large corporate market share. Arcer steel continues to dominate the Cronan market. | ||
==== Gas and Petroleum ==== | ==== Gas and Petroleum ==== | ||
''Main Article: [[Albion Sea Gas Fields]]'' | |||
Gas and petroleum has been a growth industry for Arcerion since the 1980s and the exploration, extraction, processing, and export of liquid natural gas and crude oil from the Albion Sea Gas Fields. It is a ₤1.1 trillion pound industry that accounts for millions of jobs in Arcerion and a significant portion of the GDP. It has maintained a steady increase in both the energy production share and its economic output as part of the national economy since then. It is expected to see steady growth for decades as more areas are explored and additional facilities are constructed. The majority of this economic boom is centered in Howland Governorate, where the storage, processing, and export facilities for liquid natural gas and crude oil are kept. Much of this petroleum and gas is exported locally to North Crona, to Indigenous countries with a lack of renewable energy sources. | |||
==== Agriculture ==== | ==== Agriculture ==== | ||
==== Power Generation ==== | ==== Power Generation ==== | ||