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Economy of Urcea: Difference between revisions
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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]]. | ||
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 guild system and the nation's economic philosophy, Urcea enjoys low class antipathy and relatively low income inequality. | |||
The Urcean economy is highly integrated with that of its [[Levantine Union]] neighbors. | The Urcean economy is highly integrated with that of its [[Levantine Union]] neighbors. | ||
==Employment== | ==Employment== | ||
=== | ===Guilds and labor=== | ||
{{Main|Guilds (Urcea)}} | |||
All employers and businesses in Urcea, including the [[Government of Urcea]] itself, are arranged in a system of guilds. Guilds, sorted by industry, are the self-governing bodies of the economy which internally regulate most labor laws and workplace conditions as well as having the authority to set the minimum wage within the guild. Guilds are comprised of representatives of both business owners and labor unions, and each guild has local branches at the provincial and municipal levels which are partly responsible for appointed "vested" members who hold special decision-making authority within the guild structure. Guilds are represented in the [[Gildertach]], which is the sole body which can determine and approve laws relating to guilds and also holds power to approve certain trade deals. Adherence to the guild system is enforced by the [[Ministry_of_Commerce_(Urcea)#Office_for_Guild_and_Workforce_Affairs|Office for Guild and Workforce Affairs]]. The guild system has been cited by several studies as being a primary reason for low reported levels of class antipathy in Urcea, and several economists have suggested that the system has greatly reduced class inequality. | |||
==Budget and public finances== | ==Budget and public finances== | ||
===Debt=== | ===Debt=== | ||
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===Model Economy=== | ===Model Economy=== | ||
{{Main|Model Economy}} | {{Main|Model Economy}} | ||
===Role of the guilds=== | |||
===Degree of regulation=== | |||
[[Category: IXWB]] | [[Category: IXWB]] | ||
[[Category: Urcea]] | [[Category: Urcea]] | ||
[[Category: Economy]] | [[Category: Economy]] | ||