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So the best way to make money is to hit those subsidies and import raw materials at low prices. You want your purchase prices low and sales prices high. Difference between purchase and sales price is what creates jobs, grows production and makes your moneyz!
Don't sell or buy stuff with contracts a lot. Do that only for sectors you wish to grow. Your economy exports goods by itself, sales/purchase contract only makes sales/purchase price a guaranteed price for the amount of goods covered with contract for a certain period of time (5 years by default). You can also try importing raw materials (volume purchase contract) required for production of certain goods from countries that sell it at low prices. For example, I played with Mali and boomed car industry by buying cheap steel from India and tires from Italy. Purchase price of cars went down and sales price stayed the same, but actual production, demand for my cars, jobs, profit and tax income went up.
Again, don't make too many sales/purchase contracts. It will boom your growth and money in short time, but it will create high inflation by the end of the year which will murder your currency and budget.
This is perfect! Thank you that explained everything in an easy to understand way. Kudos! :)
BTW, a minor influences in profit and growth can be achieved by joining organizations and controlling currency. So for example an EU country will have advantage in selling goods in other EU countries because there are no import tarrifs. So Italy will be more competitive in selling tyres to Germany than India because of similar prices, but no tarrif for Italy. Also, lower strength currency is good for exports. In RL China keeps yuan low artificially in order to keep exports competitive.