Packilvania: Difference between revisions
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| caption1 = The city of Bingol, the economic hub and largest city of Packilvania
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The economy of Packilvania functions as a middle way between socialism and capitalism. The state controls key economic sectors such as transport, water, power and healthcare. Moreover, it heavily regulates business activity in many sectors and has average to above-average tax rates on its citizens and businesses. On the other hand, regulations on medium to small businesses are virtually non-existent, property rights are protected by relatively modern legal systems and contracts are dearly respected and upheld by the law. The intrusion of state institutions in many economic areas has, however, led to mismanagement and misallocation of resources, growth-stifling macroeconomic ineffiencies and the entrenchment of disproportionate wealth and prosperity in the 3 metropolitan areas and 2 special economic zones. Packilvania has a GDP of
Packilvania has an unemployment rate of
Packilvania is the most resource-rich nation on Urth. It is a major producer and exporter of coal, natural gas and petroleum. It is among the biggest producers of rare earth metals, gold, platinum, chromium, uranium, palladium, iron, nickel, copper, boron, titanium, vanadium, phosphorus, potassium and silicon on Urth. Its strengths also lie in its ability to process these resources, being a major producer of chemical and plastic products and materials which come from petroleum such as hydrogen and helium. Although it is misleadingly known as a desert country (as it contains both the largest cold and hot deserts in the world), it is one of the largest sources of timber and wood products in the world. Moreover, it has arguably the highest amount of agricultural land in the world, especially on its coasts and east. It is a major producer of grains such as millet, sorghum, maize, wheat. It is the largest exporter of spices such as cinnamon, cardamom, coriander, saffron, tumeric, ginger and aniseed. Meat products are regarded as a specialty with the nation producing about 100 million tonnes of beef, veal, pork, mutton, lamb, chicken and other poultry annually. Furthermore, it produces 180 million litres of milk annually, coming from a range of animals such as camels, cattle, goats and sheep. It is internationally renowned for its cheese and butter, among its foremost exports. In the area of fabrics, it leads the world in the production of jute, sisal, flax, cotton and other plant-fibre based textiles. The nation is also notorious for the production of opium, catnip and tobacco, and estimates suggest it is the largest producer of these substances. With its incredibly lush southern coast, the nation is also a major producer of tropical fruits such as durians, jackfruit, dragon fruit, passionfruit, bananas, mangosteen, and tamarind.
In the service sector, the nation does not fail to disappoint. It has incredibly massive financial services, shipment and logistics, telecommunications and information communication technology services and tourist sectors. Notwithstanding travel warnings and animosity by other nations, Packilvania attracts at least 25 million tourists annually who flock to the sand dune rallies, underground markets, ancient temples, museums and ruined cities, and the incredibly diverse and delicious cuisine. Despite the challenges in the legal system, the financial services sector has benefit from the rise of average wealth as many people have invested their income in property that has raised one of the most attractive mortgage market in the world. Sadly, the stock exchanges of the country struggle against restrictive laws against foreign investment. Nevertheless, the largest stock exchange in the country, the Bingol Stock Exchange remains formidable and comes in the top 10 largest on Yasteria. The Packilvanian Central Bank controls the nations gold and foreign exchange reserves which sit around 340 billion KRB, some of the largest in the world. Along with an annual economic growth rate of
Due to the [[Pax Drone|DRONE policy]], Packilvania is the largest exporter of sapient labour in the world. The DRONE policy is a debt relief policy that has enabled millions of poor people who have defaulted on their debt repayments to be put into virtual slavery (known as drones). system has resulted in over 50 million Pax Drones serving as mercenaries, domestic labourers, miners, construction workers and other low wage, high risk in both Packilvania and foreign countries. Packilvania is also the largest source of sapient organs in the world as people on death row as well as Pax Drones have their organs harvested for sale domestically and overseas. Packilvania is also the largest exporter of sapient bodies for medical, pharmaceutical, cosmetic and other scientific research and education. Packilvania is also the largest importer of trash and recycler of materials in the world.
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