In my game I finally gotten an opportunity to upgrade from a mercantilism economic civic to a free market economic civic. This upgrade would help me dramatically with the success of my empire. In a free market economy, like the
The importance of this economic system in my civilization game is somewhat unapparent at first. I did notice that my trading system became more productive, but the slowly I realized that the system put me in an overall advantage compared to my competing neighbors. In the real world the states that have a free market economy are economically wealthier and have a higher standard of living compared to states that do not have a free market economy. Thus, having this economic system adds to my increasing superiority over my neighbors.
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Overall, I also find that a free market society is ultimately more productive then other economic markets, such as mercantilism. It is interesting watching the invisible hand work; although it indirectly relies on government to set standards. While continuing to use this system, I have found enormous benifits. For instace, my people seem happier thus work harder and are more productive. Everything just seems to work together in a more unified society.
However, the government must coincide with your market. Obiviously, this market system would not work in a monarchy or totalitarian empire. So the question would be: what government to choose that would allow people to strive? Nationhood seemed to be my best answer. As my empire expands, so does the variety of cultures and traditions. For this reason, I wanted to unify all these variances under one rule, while avoiding a totalitarian government. The two blend perfectly! Once both systems were set in motion, the advantage over my predecesors sky rocketed more then with either just a free market society or just a nationhood alone. I know it is still early, but I'm sure you will also find the advantages of this combination will be huge. Good luck!!
Free trade coupled with commodity trading, roads to other civilizations, and ports can really increase commerce and help stimulate your cashflow. I think it's best to link as much with other nations as possible in a free market economy.
yes i agree as would most people, but in certain situations this would not work. In fledgling situations for instabnce, youi can not count on the intelligence or self-awareness of others to carry them through. While it is true that soem people can hold their own most would not survive on their own in a beginning economy. They would need some one to tell them or someone to show them what they need to do in order to progress and foster an economy that will grow rather than sit stagnant like that of the remote tribes of africa. Basically I'm saying that sometimes a command or more autocratic economy would be best; and yes sometimes mercantilism would be better. Ok, fastforward to today. Now a free market would be better. Now we are to a point that we have the world experience to be able to operate as a million different entities at once and still be one. We have been able to go through the trials as a civilization and have become able to operate with freedom. To end my ramblings, yes its ok to do so in a broad, diverse economy of todays size and development, a free market would notn suffice in all economies.
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