Economy of Urcea: Difference between revisions
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* Y: 30% | * Y: 30% | ||
* Z: 11% | * Z: 11% | ||
* Real estate: 10% | |||
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The '''economy of [[Urcea]]''' is a highly developed {{wp|Social market economy|social market economy}}. It is the largest in the world. | The '''economy of [[Urcea]]''' is a highly developed {{wp|Social market economy|social market economy}}. It is the largest in the world. | ||
The Urcean economy experienced rapid growth in the late 20th century due to increasing economic modernization and technological innovations, allowing an average 3.1% growth rate between 1972 and 1999, after which point the economy began to slow down and "normalize" relative to potential growth in productivity. The economy has additionally seen a major growth period since the end of the [[War of the Northern Confederation]], as the "nuclear revolution" in energy has fueled a major boom due to plentiful and cheap energy. | |||
The impact of {{wp|Catholic social teaching}} is significant on the economy, both in its institutions and outlook. The collaborative [[Guilds (Urcea)|Urcean guild system]] is designed along Catholic principles to avoid labor conflict, and the Urcean finance system is based on the principles of [[Levantine banking and finance|Levantine finance]]. | The impact of {{wp|Catholic social teaching}} is significant on the economy, both in its institutions and outlook. The collaborative [[Guilds (Urcea)|Urcean guild system]] is designed along Catholic principles to avoid labor conflict, and the Urcean finance system is based on the principles of [[Levantine banking and finance|Levantine finance]]. | ||
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===Debt=== | ===Debt=== | ||
==Sectors== | ==Sectors== | ||
===Agriculture=== | |||
===Manufacturing=== | |||
==Currency== | ==Currency== | ||
==Regional differences== | ==Regional differences== | ||
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{{Further|The Islands (Urcea)|Nova Istroya}} | {{Further|The Islands (Urcea)|Nova Istroya}} | ||
==Trade== | ==Trade== | ||
Urcea's trade relations primarily involve countries in Levantia owing to the lack of tariffs within the [[Levantine Union]], though trade agreements between Urcea and other countries, such as [[Kiravia]], have been growing more prevalent in the 21st century. Urcean economic interests in Crona have lead to greater trade across the Levantine Ocean, with a particular emphasis on new markets in [[New Harren]], which serves as a hub for trade goods in the eastern hemisphere and a gateway for goods to flood back to Levantia. Urcea traditionally suffered a fairly large trade deficit mostly reliant on exporting food and other goods to [[Sarpedon]], but with the rise of the [[Nysdra Sea Treaty Association]] and development of markets in [[Crona]] - in addition to increased trade with [[Caphiria]] - the nation has enjoyed a trade surplus fairly regularly since [[2014]]. | |||
==Political issues== | ==Political issues== | ||
===Model Economy=== | ===Model Economy=== | ||