Type: Free market
This type of market allows buyers and sellers to transact freely. This is based on a mutual agreement on the prices and has no state intervention in form of taxes, regulations or subsidies. It is now easier for people to buy and sell which also effects their happyness and sense of freedom. GDP, GDP/capita, what contributes to GDP 2,5% The GDP is the Gross Domestic Product and indicated the health of a countries economy. The ideal GDP growth is sustainable which will make sure that the economy will stay in the expension phase of the business cycle for the longest time possible. Regarding many research articles 2%-3% is the ideal growth rate. Bangta's growth rate is at 2,5% which is perfectly in between. Key industries/manufacturing Bangta's key industries are mostly focused on health, food, entertainment, music and factors regarding housing, education and such. This includes the production to have each of these industries. Main products: Food: -Trade relationships, import/export, trade agreements, sanctions: Resources: RUSSIA Total resource value: $75.7 trillion > Oil reserves (value): 60 billion barrels ($7.08 trillion) > Natural gas reserves (value): 1,680 trillion cu. ft. ($19 trillion) > Timber reserves (value): 1.95 billion acres ($28.4 trillion) Bangta has all other resourced that they need. Of which metals such as gold and iron are found under the ground in the mountainous areas. Other countries do not know or suspect anything about Bangta's rich grounds. Unemployment/employment rate: 98%of the people that are at a right working age, have a job. This is possible because there are a lot of different job offers. Inflation: The target inflation rate is 2.0%. Tax: the tax works as following; the more you earn, the more you pay. Because everyone has had good education and because there are many job offers all around the country is the reason why there is no need to worry about people who can not efford to pay taxes. Debt: 0 |
Industries Bangta focussus most on
Abortion Policy/Anti-Abortion Agricultural Services & Products Agriculture Alternative Energy Production & Services Attorneys/Law Firms Banking Business Associations Colleges, Universities & Schools Construction Communications/Electronics Defense Dentists Doctors & Other Health Professionals Entertainment Industry Farming Food & Beverage Health Liquor, Wine & Beer Livestock Mortgage Bankers & Brokers Motion Picture Production & Distribution Music Production Nursing Homes/Hospitals Nutritional & Dietary Supplements Oil & Gas Pharmaceuticals / Health Products Phone Companies Physicians & Other Health Professionals Professional Sports, Sports Arenas & Related Equipment & Services Record Companies/Singers Recorded Music & Music Production Recreation / Live Entertainment Residential Construction Restaurants & Drinking Establishments Schools/Education TV / Movies / Music Unions |