Societal Value

Mercantilism vs Free Trade

mercantilism_vs_free_trade

A mercantilist country aims to protect the Market Price of the Produced Goods in their country, while a country focused on free trade wants to benefit more from trades around the world.

Mercantilism

With Societal Value: ×0 at 0 → ×1 at 100

Formula: Societal Value × 0.01

Merchant Maintenance Efficiency0% → +20%
Foreign Export Efficiency from Market0% → −10%
Export Impact on Demand0% → +10%
Market Protection0% → +50%
Import Efficiency0% → −2.5%
Maximum Tariff0% → +50%
Maximum Trade Subventions0% → +50%
Trade Importance Modifier0 → −0.2AI only
Prefers Court Language to be Market Language0 → −1.5AI only
Bias for Isolationist Policies0 → +25AI only

Free Trade

With Societal Value: ×0 at 0 → ×1 at 100

Formula: Societal Value × 0.01

Burghers Trade Capacity0% → +100%
Trade Advantage0% → +20%
Market Protection0% → −25%
Selling Efficiency0% → +5%
Trade Income0% → +10%
Trade Importance Modifier0 → +0.2AI only
Prefers Court Language to be Market Language0 → +1.5AI only
Bias for Isolationist Policies0 → −25AI only

What moves it every month, towards each side. Events and decisions that change it at once are under Connections.

Towards Mercantilism

Monthly Progress to Mercantilism


Cabinet Influencing	Static Modifier		+1
Societal Push for Mercantilism	Static Modifier	Varies	+0.5
Kulm Law Country modifier 1	Estate Privilege		+0.1
Salt Tax Exemption Country modifier	Estate Privilege		+0.1
Casa da Índia Country modifier	Government Reform		+0.1
State Sponsored Markets Country modifier	Government Reform		+0.1
Act of Navigation Country modifier	Policy		+0.1
Hǎijìn Country modifier 1	Policy		+0.1
Increased Trade Regulations Country modifier	Policy		+0.1
The Manila Galleon Country modifier	Government Reform		+0.05
Colbertism	Static Modifier	15 years	+0.05
Number of Market Centers	Static Modifier		+0.05
New World Settlements Country modifier	Policy		+0.03
Export Ban Country modifier	Policy		+0.03
Economic Focus	Static Modifier	15 years	+0.03

Towards Free Trade

Monthly Progress to Free Trade


Cabinet Influencing	Static Modifier		+1
Societal Push for Free Trade	Static Modifier	Varies	+0.5
Open Trade Markets	Static Modifier	20 years	+0.33
Magdeburg Rights Country modifier	Estate Privilege		+0.1
Trunk Road to Erzurum Country modifier	Estate Privilege		+0.1 scaled by an amount that varies =0 If Owns location:konya +1 If Owns location:sivas +1 If Owns location:erzurum +1 If Owns location:tabriz +1
Council of Forty Country modifier	Government Reform		+0.1
East India Trading Company Country modifier	Government Reform		+0.1
Free Market Charters Country modifier	Government Reform		+0.1
Kilwan Trade Communities Country modifier	Government Reform		+0.1
Shāhbandariyya Country modifier	Government Reform		+0.1
Signoria of Venice Country modifier	Government Reform		+0.1
Transportation Code Country modifier	Government Reform		+0.1
Trade Office Network Country modifier	Government Reform		+0.1
Commercial Mission Country modifier	Policy		+0.1
Free Trade Country modifier	Policy		+0.1
Merchant Navy Country modifier	Policy		+0.1
Reduced Mercantile Regulations Country modifier	Policy		+0.1
General Privilege of Aragon Country modifier	Estate Privilege		+0.05
The Manila Galleon Country modifier	Estate Privilege		+0.05
Dutch Republic Country modifier	Government Reform		+0.05
Amber in Burghers Hands Country modifier	Policy		+0.05
Trade Country modifier	Policy		+0.05
Protect Trade Routes Country modifier	Policy		+0.05
Shāfi'ī Jurisprudence Country modifier	Policy		+0.05
Supporting Slave Trade	Static Modifier	Permanent	+0.05
Unlimited Export Country modifier	Policy		+0.03
Foreign Market Centers with a Merchant	Static Modifier		+0.03