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Urcea: Difference between revisions
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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]]. | 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]]. | ||
Urcea's economy is divided into | Urcea's economy is divided into forty statutory industries; within these industries, every firm and their workers are federated together into [[Guilds (Urcea)|guilds]]. Unlike many other industrialized countries, much of Urcea's economic regulation takes the form of self-regulation within the guilds. The guilds, which feature equal representation between employers and labor, are responsible for setting labor conditions, minimum wage, and other related policy areas. Most guilds also pool resources in order to provide benefits of some form, reducing the burden of businesses within the guild while simultaneously providing sound retirements and, in some cases, health insurance, for its members. Urcea's guilds exercise wide authority over the economy, as they not only self-regulate but also are responsible for approving any proposed trade deals with foreign nations. The guilds are assembled with elected representatives for each guild in the [[Gildertach]], Urcea's upper legislative chamber, and in the Gildertach they have the limited authority to approve or disapprove trade laws and the ability to change the guild law, under which the guilds are governed. | ||
Because of the [[Guilds (Urcea)|guild]] system and the nation's economic philosophy, Urcea enjoys low class antipathy and relatively low income inequality. | Because of the [[Guilds (Urcea)|guild]] system and the nation's economic philosophy, Urcea enjoys low class antipathy and relatively low income inequality. | ||