Victoria 3 is a very complex game that involves guiding the nation through strategizing social, political, and industrial changes. To be a good decision-maker, one must know how to deal with the market that holds great value in the game. If you are new, then you can easily learn it through this article. So, without any further ado, let’s get right into the details about International and National markets in Victoria 3 and how to manage them.
The market prices and their economic impacts are directly related to the supply and demand that rings true in the game as well. Every country in Victoria 3 has its own national market unless and until the country is part of some other country. When a country is acquired by another country, then it shares a national market with its ruling country. In Victoria 3, the prices of goods are determined by their total buy and sell orders, following the law of demand and supply. Goods in every market include the base price and the local price. Local price is the price at which pops purchase the goods. Now that you have understood the basics, let’s understand how you can manage these markets in the game.
To manage to market, you must be aware of Market Access. It refers to the portion of the market acquired by different states on the basis of their production capacity. Each state must have high market access, otherwise, it would be hard to sell off or purchase goods. To see the list of states that takes part in the same national market, you must go to the Members tab in the market menu. Other than that, the trade route, taxes, and market policies also impact the market activities directly.
Trade routes vary depending on the type of good. To find the most convenient route for each good for exporting or importing, go to the Trade menu. You can only trade with the state, in which you have declared your interest. Before deciding the trade route for a particular good, you must analyze mindfully how it will impact your national market eventually.
As the trade of goods takes place, taxes on trade are also imposed which are called Tariffs or Trade taxes. The taxes are levied directly on the revenue of the import and the export. These are then sent directly to the government’s purse. The game includes a total of 4 Trade Policies. But, you must note that if you have enacted Free Trade laws, then you cannot impose the trade tax and thus cannot fill your pockets. You can also apply settings like “Protect Domestic Supply” or “Encourage Exports” while deciding the Market Policy of a good to regulate imports and exports. So, these all were some aspects, which you must understand and explore in-game to manage the market in Victoria 3. If you found this article helpful, share it with your friends.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.