On the one hand, you won’t be able to make any money from the monopolized trade goods. However, on the other hand, you may be able to find alternative sources of income. ..
This is why you should only grant monopolies for low value trade goods, or those that are scarce in your region. Monopolies can help to keep prices low and increase the efficiency of the market, which in turn helps to create jobs and improve the economy.
Basic Effects
8 years’ worth of production income upfront +1 Mercantilism +10% Estate loyalty and a 1% increase in estate value.
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Ten years have passed since the monopolized trade good was first produced. As a result, any production income derived from it would be long gone. ..
Monopolies: An Efficient Source of Mercantilism
The mercantilism happens when you grant or renew a monopoly.
Since you generally have three estates, you can get +3 mercantilism every 10 years.
-A way to increase your exports -A way to reduce your imports -A way to increase your revenue
Provincial trade power is increased by +2% and the Embargo efficiency is increased by +0.5%. Burghers and Vaishyas estate loyalty equilibrium is increased by +0.25%. Liberty desire for colonial subjects is increased by +0.5%.
Mercantilism is a policy that encourages the growth of your trade by providing incentives for your industry to produce more goods and services. This can be done through tariffs, subsidies, or other measures. By doing this, you can increase your exports and make more money.
Mercantilism is a key stat for late game economies, as it helps to increase trade. Building up your mercantilism stat from the start is recommended. ..
List of Monopolies
- The United States
- China
- Japan
- South Korea
- Taiwan
Estate monopolies are a common feature of the game. Each monopoly type can only be granted to one estate. This means that players must carefully consider which monopoly to pursue in order to maximize their chances of success. ..
Why Monopolize Low Value Trade Goods?
The monopolies’ value will be maximized by having the most of them.
You’ll be losing out on the production income from the monopolized trade goods if you don’t develop their base production. This means that developing their production is not recommended.
On the one hand, developing countries typically ignore the production of livestock for export. Their primary focus is on the development of human resources. ..
Since you’re not going to increase their productivity, then they’re perfect to give away as a monopoly.
What About Expensive Trade Goods with Limited Availability?
Trade goods are valuable because they are rare. You should consider the scarcity of these goods in your region when deciding which trade monopolies to pursue. ..
If you have only a few provinces producing glass, cloth, or paper, then you can use them to create a monopoly.
This is an especially good strategy when developing them if they’re a province with a high cost of living.
