by Max Barry

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The United Kingdom of
Inoffensive Centrist Democracy

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Stefannican Economy

Economy


Nabetsepolis
Stefannica's largest city and financial center

The United Kingdom of Stefannica has a capitalist mixed economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.

Historically, the Stefannican economy has maintained a stable overall GDP growth rate, a low unemployment rate, and high levels of research and capital investment funded by both national and, because of decreasing saving rates, increasingly by foreign investors. It is currently one of the Alterran world's most dynamic economies.

A central feature of the Stefannican economy is the economic freedom afforded to the private sector by allowing the private sector to make the majority of economic decisions in determining the direction and scale of what the Stefannican economy produces. This is enhanced by relatively low levels of regulation and government involvement, as well as a court system that generally protects property rights and enforces contracts.

Stefannica is rich in mineral resources and fertile farm soil, and it is fortunate to have a moderate climate. It also has extensive coastlines - these extensive waterways have helped shape the country's economic growth over the years.

The number of workers and, more importantly, their productivity help determine the health of the Stefannican economy. Throughout its history, Stefannica has experienced steady growth in the labor force, a phenomenon that is both cause and effect of almost constant economic expansion.

Sectors

Agriculture

Agriculture is a major industry in Stefannica and the country is a net exporter of food. With vast tracts of temperate arable land, technologically advanced agribusiness, and agricultural subsidies, Stefannica controls a formidable share in the world market.

Finance and Banking

Measured by value of its listed companies' securities, the Nabetsepolis Stock Exchange is one of the largest and most stable stock exchanges in the Alterran world. With approximately 4,200 companies and corporations, it has one of the largest trading volume per hour rates compared to other international markets.

Energy

(see energy)

Manufacturing

As a developed country, Stefannica employs a highly modernize and competitive manufacturing industry. Main industries include petroleum, steel, automobiles, construction machinery, aerospace, agricultural machinery, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, and mining.

Retailing

Retailing is a major sector of the economy of Stefannica, indeed, it is often credited as one of the "drivers" of the economy. Consumer goods are commonly obtained through international trade, but many consumer products are available that are made in Stefannica.

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