Economy of Asgard

Economy
Aided by Independence in the 1950's and the subsequent modernization drive that followed, Agard has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Since 2000, Asgard has been in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances offered the government considerable scope to implement its reform programs aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Strong exports of commodities and the strong profitability of Asgard's banking sector has increased inflation in recent years.

The list below includes the largest companies by revenue in 2011:

Other Major Companies of Asgard

 * Asgard International Hotels
 * Kagalaska Mining
 * Sunny Li Fashion House
 * Diomede Holdings
 * Asgaror Air
 * Asgard Grain Board
 * Nespirah Media Group
 * Eerikki Cruises
 * Mécaniques Heavy Industries