Modern Economy of Roman Empire (Premysloides Dynasty)

Historical background
As "Modern Economy of Roman Empire" is coined era from end of Second Hundred Years War in 1692 to present and while in historiography "modern era" ending in 1887 with start of "galactic era", "Modern Economy of Roman Empire" counting also economy during "galactic period" from 1887 and onward.

Roman Empire had very strong industrial, trade and production base since early Angelos-Premysloides rule which supported local manufacturing, craft factories and leaving agriculture and village in favor of production, trade and cities.

With rise of colonialism and "Varronian period", Empire and its massive capabilities spread over New World. In that time, Imperial economy, young imperial economist Martin Aznar, emigrant from Hispania, wrote in his dissertation "On Consequences and Threats of Expansionism", thesis that Imperial economy can be crippled by enormous import of gold and silver from Varronian mining. While some skepticism about hoarding of precious metals was in Roman Empire since many earliest crisis, Aznar dissertation was first theoretical work that determined relation between quantity and inflation and Imperial Government on order of Magistrate of Economy banned gold import from colonies and limited silver import on 50 tonnes per year. Later, restrictions were loosen with limits of 5 tonnes gold per year and 75 tonnes of silver per year, but never again loosened.

Second Hundred Years war crippled colonial economics and weakened Imperial economy, as massive amount of industrial goods and agricultural products were assigned to war efforts against Celestial Empire. While victorious, Roman Empire left war economically weakened and in economic recession that occured from 1692 to 1696. Recession was characterized by decreasing of revenues, increasing expenses on administration and governing, many local and regional bankrupts, large deficits and provincial defaults, combined with high unemployment and large costs of social and post-war reconstruction services.

Crisis was overcome by massive economical surge in colonies, especially on West Coast of Varronia where grew large shipyards, port cities, industrial and mining complexes, many new cities and settlements.

Overview
Since 1700, most of Roman Empire economy is highly developed economy based on industry and services. Imperial economy is massive and robust economy spreading over very different social, geographical and historical areas (Europe, Asia Minor, Arabia, North and West Africa, Varronia, Persia, Caucasus, Black Sea Coasts and Central Asia). Long term problem of Imperial economy is gaps between regions. Asia Minor, West Varronia and Europe are most developed areas with GDP about 90-120% higher then in Central Asia, African provinces or in Black Sea Coasts. Gaps are social, economical and logistical and deepening as supply and demand of free market ignore many of these impoverished provinces with lack of resources. Imperial Governments trying to overcome gaps by decreasing or abolishing taxation of poor regions, increasing funds to infrastructure and improving local business enviroment and while it increased local GDP growth, growth of colonies and core provinces of Roman Empire is still much faster.

Imperial economy is very agressive, unregulated and expanding. For long time, until 1723, Empire had very few ecological legislatives and most of them only designed to protection of various specific areas. In 1723, Imperial Congress approved and with imperial consent implemented "Law on Protection of Water Supplies", first comprehensive ecofriendly legislative of Roman Empire focused on increasing quality and quantity of water supplies, improving sanitation and recyclation of water. After large public criticism in many provinces ruined by heavy industry and poisoned by smog, Imperial Congress approved in 1739 "Law on Air Condition and Prevention of Decreasing Quality", that led put industrialists in front of two options: Paying 20% tax which will be assigned on ecological efforts and cleaning of air, or to improve technology in their factories and industrial complex to decrease releasing toxic and dangerous gases. Law on Protection of Water Supplies increased quality of water by 16% and water supplies by 8% until year 1800, while Law on Air Condition decreased toxic gas releasing by 89% in first ten years and avert catastrophical atmosphere conditions in industrialized areas.

On other hand, social security in Imperial economy and social services were very deep and strong, as Empire was build on traditions of Populares and social oriented economists. Tripartity of Imperial Government, Trade Unions and Businesses reached consent of three concessions: No workers strike, No low wages, No high taxes! Trade Unions pledge to minimalize strike activities, while Businesses accepted increasing wages and social benefits for employees and Imperial Government assure private sector about preventing of increasing or forming new taxes and unnecessary regulations.

In 1765, Roman Empire economy achieved position of dominant world super-economy influencing every continent and every country in World.

Sectors
Imperial Economy is divide among four economic sectors: Primary - agriculture, Secondary - industry, Tertiary - services and since 1800, Fourth - galactics resources. Portion of these sectors varied by eras. From 1249 to 1440, agriculture was dominant sector. After industrial revolution in 1450, with rise of electrification in second half of 15th Century, industry became dominant sector with massive government support.