To keep up economy wise with a LF party, I'd recommend the following:
(1) Research ALL commerce techs that improve input and output. This will make your factories significantly more profitable.
(2) If you are limited by your number of craftsmen: Research industry techs that increase throughput.
(3) If you are limited by ressources: Research industry techs that improve RGO output and research culture techs to improve prestige (highest ranked nations buy first on the world market). Sphere nations that produce desired ressources.
(4) Set negative tariffs to subside your industry. I usually set them at -1%, but if I notice that many of my factories are failing I might go down to -10%, -25% or even -50%. HOWEVER, keep in mind that this can create a costly and uncompetitve industry in the long run, so be careful. Sometimes it is better to have less IND score, but more profitable factories.
(5) Research Electricity and Combustion Engine asap to get access to the most advanced and lucrative factories.
(6) Make sure that you have some capis in each and every state that has a factory.
(7) Set rich taxes as low as possible UNTIL your industry is reasonably profitable. Once you have enough profitable factories up and your capis get enough income, you can max rich taxes and lower poor taxes to increase clerk promotion.
(1) Research ALL commerce techs that improve input and output. This will make your factories significantly more profitable.
(2) If you are limited by your number of craftsmen: Research industry techs that increase throughput.
(3) If you are limited by ressources: Research industry techs that improve RGO output and research culture techs to improve prestige (highest ranked nations buy first on the world market). Sphere nations that produce desired ressources.
(4) Set negative tariffs to subside your industry. I usually set them at -1%, but if I notice that many of my factories are failing I might go down to -10%, -25% or even -50%. HOWEVER, keep in mind that this can create a costly and uncompetitve industry in the long run, so be careful. Sometimes it is better to have less IND score, but more profitable factories.
(5) Research Electricity and Combustion Engine asap to get access to the most advanced and lucrative factories.
(6) Make sure that you have some capis in each and every state that has a factory.
(7) Set rich taxes as low as possible UNTIL your industry is reasonably profitable. Once you have enough profitable factories up and your capis get enough income, you can max rich taxes and lower poor taxes to increase clerk promotion.