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Economy of Arcerion: Difference between revisions
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In 2026, the mining industry in Arcerion was valued at ₤700 billion billion Arcer Pounds. Megacorporations such as Arcerion Steel Company or the Aileach Mining Group remain the highest proponents of this sector. it accounts for a significant portion of the jobs in Moorden and Northlea Governorates, where the two mountain ranges that are most mined are located. The primary mines are located in vicinity of [[Easthampton]], Arcerion's easternmost town. Arcer iron ore is primarily exported to Sarpedon, which differs from coal which is imported heavily by Audonia and Alshar. Coal accounts for a shrinking percentage of [[Energy in Arcerion|Arcer power generation]] with the construction of new nuclear power plants and renewable energy sources. Arcerion remains Crona's leading coal exporter, despite a League of Nations mandate to combat climate change and global warming through investment in renewable energy sources and divestment of fossil fuels. | In 2026, the mining industry in Arcerion was valued at ₤700 billion billion Arcer Pounds. Megacorporations such as Arcerion Steel Company or the Aileach Mining Group remain the highest proponents of this sector. it accounts for a significant portion of the jobs in Moorden and Northlea Governorates, where the two mountain ranges that are most mined are located. The primary mines are located in vicinity of [[Easthampton]], Arcerion's easternmost town. Arcer iron ore is primarily exported to Sarpedon, which differs from coal which is imported heavily by Audonia and Alshar. Coal accounts for a shrinking percentage of [[Energy in Arcerion|Arcer power generation]] with the construction of new nuclear power plants and renewable energy sources. Arcerion remains Crona's leading coal exporter, despite a League of Nations mandate to combat climate change and global warming through investment in renewable energy sources and divestment of fossil fuels. | ||
The Australian mining corporations Rio Tinto Group and BHP are among the largest in the world. Moorden Mining and Aileach Mining remain two of the largest companies in the Southeastern Cronan Peninsula, with a combined total of ~250,000 employees globally. | |||
[[File:Easthampton steel.jpg|thumb|A steelworks in Easthampton, Arcerion. ]] | |||
==== Manufacturing ==== | ==== Manufacturing ==== | ||
Arcerion manufacturing has remained a smaller part of the national GDP due to the ease of ability to import finished products from Levantia through the high volume of | Arcerion manufacturing has remained a smaller part of the national GDP due to the ease of ability to import finished products from Levantia through the high volume of Burgoignesc-flagged merchantmen during the 1800s and early 1900s. However Arcer industry has remained on pace with other Occidental counterparts in Crona, but has seen a significant boom with the creation of an arms industry in the 1980s for modern aircraft and weapons systems. Companies such as [[Aeroco]] and [[MacDonnell Thommen Dynamics]] have increased their global market share and the consistent rise of sales by these companies have helped to lift the Arcer manufacturing sector as a middle industry in the national economy to a burgeoning one. | ||
Arcerion remains a fairly large textile industry due to the large herd populations of sheep and its sizeable textile crop farms in Moorden. Tariffs and taxation by the government on the manufacturing sector have been eased since the 1990s to allow for the industry to grow to compete with larger companies in Crona. | Arcerion remains a fairly large textile industry due to the large herd populations of sheep and its sizeable textile crop farms in Moorden. Tariffs and taxation by the government on the manufacturing sector have been eased since the 1990s to allow for the industry to grow to compete with larger companies in Crona. | ||
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 ==== | ||
==== Agriculture ==== | ==== Agriculture ==== | ||