other then not getting the tax bonus, what is the overall price difference from your local economy and buying off of the world market...in other words, how much of a markup is it to buy off of the world market?
slo
slo
price difference
- Thread starter airslo
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There is no price difference (even if you implement tariffs, factories and POPs won't buy from the world market unless there's none of that good available on the internal market). Having stuff produced in your own economy gives you first crack at it (if you don't make it, you might never get a chance to buy it), but if it's abundant then there's no particular reason to build it yourself. Just be careful with war goods: those are very cyclical, so it's probably best to be able to make them yourself.
The prices are the same for everyone in the world. But as GC13 said, you get to pick the goods that you produce first, and remaining is sold off to the world market. Prices rise and fall all the time depending upon the supply and demand, so for example when in mid-game countries begin to industrialize there is a lot of demand for steel and it sells expensive.
Not sure how it works if you are in a sphere. I guess the goods you produce are sent to the common market, where every sphere member deposits his goods and sphere master (i.e. the great power) buys whatever it needs first, and the members buy the what remains in order of their prestige (or rank?). After every sphere member has bought what they needed, the leftover is sold off to the world market. Or perhaps here you get first picks on goods produced in your nation as well, before sphere market?
Not sure how it works if you are in a sphere. I guess the goods you produce are sent to the common market, where every sphere member deposits his goods and sphere master (i.e. the great power) buys whatever it needs first, and the members buy the what remains in order of their prestige (or rank?). After every sphere member has bought what they needed, the leftover is sold off to the world market. Or perhaps here you get first picks on goods produced in your nation as well, before sphere market?