*this page is still incomplete*
Overview:
The Soodean Imperium uses a Centralized Socialist Economy. This means that the government is not only the main shareholder in all productive enterprise, but that it actively tracks production levels and re-distributes resources in order to perfectly match supply and demand. This system is similar to the "Project Cybersyn" which was planned (but never fully implemented) in Chile under Salvador Allende, although it developed independently. Each factory, workshop, or other business is equipped with a simple computer that transmits data on inputs, outputs, product quality, and a variety of other factors to a central nerve network, where administrators may track production and make adjustments as necessary.
The main advantage of such a system is that it creates massive economies of scale by replacing competition with cooperation. This removes the challenge of the "Prisoner's Dilemma," and thus increases efficiency by eliminating the need for firms to waste valuable resources on advertising and other forms of competition. It also removes the barriers of information that might exist between competing firms, allowing firms to coordinate their sales activities.
Wages:
Wages in the Soodean Imperium are determined by a number of factors. First is the skill required for a job; a surgeon or engineer will be paid more than a bricklayer. However, in most cases wages an individual worker's wages are adjusted day-to-day depending on whether he or she fell above, below, or near the production quota. This quota is calculated based on the average estimated productivity of a person using that factory's level of equipment, and also accounts for the quality of the goods produced. It is more common for manufacturing jobs, where quality and quantity are easy to assess.
Quality of Life:
In most Capitalist nations, popular culture encourages people to consume as many products as possible, because this will stimulate economic growth. In the Soodean Imperium, the opposite is largely true; people are encouraged to live simple lives, pursuing needs before wants and finding happiness in friendship and experience rather than consumer luxuries. This has sparked intense debates between the Imperium and Capitalist economies over which provides the highest quality of life.
According to the Capitalist argument, quality of life is determined based on the quantity of goods owned on average, determined by per-capita wealth or income. By this logic, the Imperium has a below-average quality of life, as its people tend to choose simple lives and typically do not invest in the suburban homes and cars that make up most of an individual's wealth in other systems. The balance is further skewed by the Imperium's lack of an upper class, with very few people receiving incomes of over $100,000 a year.
According to the Socialist argument, however, quality of life is captured by other measures. Though they own fewer items, Soodean citizens are generally happier, nicer, and more compassionate than the global average, demonstrating (in the eyes of the Socialists) that they have learned to obtain joy from cooperation and friendship and that material wealth cannot buy a good life. The nation also suffers from low rates of obesity and preventable cancer, which also reduces the quantity of resources that would otherwise be devoted to medical care.