Economy

[Kjoman Isles]

Hey guys, I'm looking to boost my economy, as I'm only on 39 at the moment.

Any tips on what sort of resolutions to take in issues, which issues to dismiss etc?

[Aescentia]

Well, there's over 300 issues, so it's a bit difficult to tell which ones to take/dismiss...

I would always suggest reading whatever issues you get closely and making sure you pick the option YOU THINK will raise your economy. If you're not sure if it will or not, just post it here and I'm sure someone will be able to help you find the effects.

Cheers
Aescentia


(also, congrats on your very first post!)

[Kjoman Isles]

Thanks buddy, I'll post any issues that trip me up!

[Swkoll]

Just do whatever the corporations want you to do.

[ARMATECH CORPORATION]

Most of the time it is 'obvious' as to what issues will affect the economy just by reading them. If something sounds pro-business, then it will most likely cause your economy to grow. However, it depends how you want your economy to form, do you want it to be:

Free Market: Try to keep taxes low (0% to 25%), and minimise government bureaucracy. Pro-union legislation or pro-environmental legislation will not help this type of economy to flourish. Intervene in business only to stop complete chaos in your nation, like appropriate levels of law enforcement, and a minimum of education, welfare, and healthcare to deter crime etc.

Mixed Economy: Taxes about medium level (25% to 60%). Keep private enterprise from abusing the environment too much, can allow some union activity, and minimum wage laws etc. Put a sizeable amount of budget into education, commerce, healthcare, and law enforcement, to ensure a healthy working populace and a sizeable public sector.

State Economy: Taxes at high level (60% to 100%). Private enterprise is heavily curtailed, if not banned outright. Can choose to allow unions or not, allow minimum wage laws or not etc. This type of economy is difficult to manage effectively, as you need to balance the budget priorities. 100% tax rate means that your citizens depend on you (the government) for survival, so spend appropriate percentages of budget on education, health, transportation. Spend a LOT of money on commerce, as the public sector needs the funds for growth.


Each of these economy types has strengths and weaknesses, its up to you to choose which one you prefer.