Volkia: Difference between revisions

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==Economy ==

[[File:Izumrud.jpg|thumb|left|200px|Izumrud is a major shipping port of Volkia.]]

Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] ~~since~~ ~~1972~~. Public healthcare ~~in Volkia~~ is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 33 days paid vacation (20 paid days off, 13 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, nearly 70% of the labor force in 2018.

Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] starting in 1973. Public healthcare is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 33 days paid vacation (20 paid days off, 13 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, totaling nearly 70% of the labor force in 2018.

The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values.

Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation. The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}) and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.

Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation. The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}), and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.

The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,000 Volkian owned vessels.

The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas sector ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the largest telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,000 Volkian owned vessels.

Around 90% have a mobile phone and 85.7% have internet connection in their home. Cities and towns tend to build their own broadband networks with technical and financial assistance from the federal government and Televolk.

@@ Line 221: / Line 221: @@
 ==Economy ==
 [[File:Izumrud.jpg|thumb|left|200px|Izumrud is a major shipping port of Volkia.]]
-Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] since 1972. Public healthcare in Volkia is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 33 days paid vacation (20 paid days off, 13 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, nearly 70% of the labor force in 2018.
+Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] starting in 1973. Public healthcare is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 33 days paid vacation (20 paid days off, 13 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, totaling nearly 70% of the labor force in 2018.
 The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values.
-Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation.  The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}) and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.
+Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation.  The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}), and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.
-The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,000 Volkian owned vessels.
+The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas sector ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the largest telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,000 Volkian owned vessels.
 Around 90% have a mobile phone and 85.7% have internet connection in their home. Cities and towns tend to build their own broadband networks with technical and financial assistance from the federal government and Televolk.

Volkia: Difference between revisions

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