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Economy of Caphiria: Difference between revisions
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The '''economy of Caphiria''' is the is the world's second largest economy by nominal GDP and the world's third largest economy by purchasing power parity. The economy exhibits the deregulation and minimal subsidization of a laissez-faire capitalist country. However, the extreme intervention of the government in certain markets - like public transit or national defense - is characteristic of state capitalism. On a national level, Caphiria's markets are dominated by monopolies in sparse competition while, locally, small businesses flourish on their social advantage in retail. | The '''economy of Caphiria''' is the is the world's second largest economy by nominal GDP and the world's third largest economy by purchasing power parity. The economy exhibits the deregulation and minimal subsidization of a laissez-faire capitalist country. However, the extreme intervention of the government in certain markets - like public transit or national defense - is characteristic of state capitalism. On a national level, Caphiria's markets are dominated by monopolies in sparse competition while, locally, small businesses flourish on their social advantage in retail. | ||