German Economy

Location: Eastern Europe- "bordered to the north by the North Sea, Denmark, and the Baltic Sea, to the east by Poland and the Czech Republic, to the south by Austria and Switzerland, and to the west by France, Luxembourg, Belgium and the Netherlands."

Population: 82,431,390

Population Density: 231 (per sq km)

Natural Resources: coal, lignite, natural gas, iron ore, copper, nickel, uranium, potash, salt, construction materials, timber, arable land

Major Industries: among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages; shipbuilding; textiles

Exports: motor vehicles, machinery, chemical products, telecommunications technology, financial services, insurance

Imports: chemical products, motor vehicles, machinery, mineral oil and gas, financial services, insurance

Type of Government: Democratic federal parliamentary nation.

Type of Economic System:

Post world war two a social market economy had been introduced, however, through the formation of strong labour unions and the joining of the European Union, the system has come more of a mixed system, with limitations being placed upon enterprises and corporations.

Production Decisions:

The goods and services which are primarily produced based upon exports motor vehicles, machinery, chemical products, telecommunications technology, and financial services, insurance. The decisions on what to produce are dictated by businesses, as the economy is market based. Production methods are also determined by businesses in most sectors. However, industries such as the autobahn network, waterways, the postal system and telecommunications, and the rail system are regulated by the government. The government plays a substantial role in providing subsidization for suffering industries such as coal and agriculture. General communications are also controlled by the government, as aforementioned. "The federal government fosters economic developments in rural and industrial Ð''problem' regions"

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