How VALUE is Created in Europa Universalis V #EU5

About this Video

• Video Title: How VALUE is Created in Europa Universalis V #EU5
• Channel: Generalist Gaming
• Speakers: One speaker (name not provided in transcript)
• Duration: 30:33

Introduction

This video explains the economic systems in Europa Universalis V (EU5), focusing on value creation through trade goods. The speaker clarifies that the game's mechanics are complex and may change before full release, emphasizing understanding the systems over drawing definitive conclusions.

Key Takeaways

• Value Creation: In EU5, most value is generated through trade goods, either by selling or producing them. The value equals the good's price, modified dynamically by supply and demand.
• Tax Base: The tax base comprises the positive value from goods produced in a location, plus the value of buildings (even those with negative profits). This base is divided among estates based on their population.
• Taxation of Estates: Untaxed estate income isn't deleted; estates use it for buildings and consumer goods, stimulating the economy. The speaker expresses uncertainty about the exact value of estate income.
• Trade Mechanics: Trade capacity allows trading between markets; profits equal income minus expenses. The speaker notes changes from early access versions regarding the distribution of trade profits between government and estates (determined by crown power).
• Price Manipulation: The speaker discusses the interconnectedness of economic actions and how manipulating prices through trade can positively affect the tax base and the profitability of specific industries. This is emphasized through a Sweden example involving copper and tools.
• RGOs vs. Buildings: The speaker compares Resource Gathering Operations (RGOs) and buildings, explaining their different economic impacts and suggesting an early-game focus on RGOs for higher profitability, but also the need to build both.
• Control and Market Access: These factors affect RGOs and buildings differently, influencing tax base and trade income. Control gates influence how much of the tax base is accessed, while market access multiplicatively reduces tax base gains from goods.