Economy of Isselmere-Nieland
The Isselmere-Nielander economy is modern, highly automated, and post-industrial. Private enterprise dominates all sectors, although certain strategically important fields, such as naval construction and nuclear resources, are operated by State monopolies established by royal charter, or Crown corporations.
For much of the United Kingdom's contemporary history, the State's economic policy has been protectionist. Involvement in the Woodstock Pact and steady growth has led to a reduction in tariffs in recent years, but since policy-makers have linked such practices with the country's economic success as well as the high savings and investment ratio among Isselmere-Nielanders, the Union and regional governments are reluctant to abandon protectionism all together.
Crown corporations like the Royal Shipyards — but not the Isselmere-Nieland Nuclear Energy Commission (INNEC), which is a government agency — do often have a limited private presence with some publicly-traded stock or other securities owned by domestic and some foreign investors, and are administered and operated at arms-length by the State.
Owing to massive investment in education, social equality, and defence by Union and regional governments, the book publishing, automotive, and information technology sectors have blossomed.
Primary sector
The primary sector of industry involves itself in the harvesting or extraction of natural, unprocessed materials. Primary economic units can be as small as an individual farm or fishing boat, or as large as Union Petroleum and Gas Operations (UPGO), which works most of the oil and gas fields within the United Kingdom and its 200 nautical mile (nm) economic exclusion zone. Larger primary economic units, such as those involved in mining or other forms of extraction, often engage in some processing.
Secondary sector
Firms involved in processing materials are the secondary sector of industry. Manufacturing industries and associated primary sector firms in the United Kingdom provide 27 per cent of the total gross domestic product, providing employment for an equivalent percentage of the labour force. Manufacturing firms run from heavy industry such as Cholmondsley-Dewar metallurgical conglomerate, to the important transportation sector led by the massive Royal Shipyards, to light industry of electronics manufacturers such as Turing-Babbage.
In Isselmere-Nieland, manufacturers and service industries often form cartels that provide the parent company with the secondary and tertiary (service), and sometimes even the primary, economic units necessary to finance, build, market, and service their goods. These cartels vend ancilliary products such as insurance.
The transport and arms manufacturing sectors dominate the United Kingdom's stock exchange, the Bírsa. Four key manufacturers from these virtually interchangeable sectors are listed below:
- Detmerian Aerospace Dynamics (DAS) provides its designs mostly for domestic customers, though the firm has achieved some foreign successes with its Sea Fury (DAS-3) and Spectre (DAS-2) designs. The company's corporate offices are located in Fennerby, Detmere.
- Isselmere Motor Works (IMW) of Thistlemoor, Isselmere, is a major producer of civilian and military land vehicles as well as marine and aircraft engines. IMW has established foreign centres of production in Russkya and Rusokaria.
- Lyme and Martens Industries (LMI) was formerly a major manufacturer of uncrewed vehicles, but its markets have fallen by the wayside with the growth of products from Clan Smoke Jaguar's industries and other foreign firms. LMI's headquarters is in Ponsonby, Detmere.
- The Royal Shipyards of Isselmere-Nieland (RSIN) is the largest nationalised industry in the UKIN and a noted manufacturer of warships. Though now outclassed in terms of foreign sales by Sarzonia's Portland Iron Works (PIW) and Praetonia's Imperial Praetonian Shipyards (IPS), the RSIN is still strongly supported by the Royal Isselmere-Nieland Navy (RINN) and the Jimnam Grand Navy (JGN). Its headquarters are in the northern city of Grimsby Downs, Anguist.
Tertiary sector
The tertiary or service sector finances, promotes, and provides service to all three sectors of industry. Service industries, led by book publishing and information technology firms, comprise the largest proportion of both the gross domestic product (70.8 per cent) and the labour force (69 per cent). The high savings and investment by Isselmere-Nielander citizens and firms necessitated by high import tariffs and taxes on foreign investments has benefited both them and domestic banks and credit unions, which use the funds they receive to further promote domestic firms.
- Turing-Babbage Integrated Technology Services, plc (T-BITS) is the UKIN's largest information technology (IT) company. Many of its hardware components may be found in everything from the latest generation fighter jets to little Tommy or Sara's toys. T-BITS head offices are in Stettering, Nieland.
- Umberton and Throckmorton (U&T) are the largest publishers in the UKIN, produces textbooks and educational multimedia for all instructional levels. U&T was once the primary publisher of religious texts for the Reformed Church of Isselmere (RCI) as well as other Christian sects and other faiths. With the RCI's disestablishment, U&T has removed itself from the religious market. Since 1915, U&T have supported young writers with the Great Authors in the Making (GAMUT) award. For each category, a jury of twelve authors and six publishers judge the works. The GAMUT is most frequently awarded to challenging and innovative works of fiction and non-fiction. U&T's central offices may be found in Cailliecross, Daurmont, Isselmere.
|
Topics on Isselmere-Nieland |
|
|---|---|---|
| Category | Factbook Categories: Administrative divisions | Constitution | Defence Forces | Festivities | Government | Languages | Laws | ||
