Fiction:United Veatrex Federation/Economy

The Sylit Republic's economy is the system of production and distribution and consumption for the Sylit Republic, lots of it based around the Sylit Republic Banking Establishment.

Trade
At the heart of SR's economy is trade between empires. Intergalactic trade supports their economy greatly. While some zones maintain their own shipping fleets, most rely on single, large freight ships.

Role of Dashdrive
Dashdrive technology allowed for SR's economy to take shape, fueled by the intergalactic standard currency. Prior to the invention of dashdrives, trading (and exploration) were often limited to with Ramvelkys Galaxy, due simply to the fact that SR's technology had not been advanced.

Economic specialization
To compete in the galactic economy, many planets chose to focus their economy at a planetary level. Planets with a valuable natural resource would focus on its export, while other less fortunate planets would achieve success through economies of planetary scale. Entire planetary surfaces often were devoted to grain fields, droid factories, or mineral mining, greatly affecting planetary climates. These were especially common in the Corporate Sector.

Other planets, however, (at least in earlier times) voluntarily chose what might be described as deliberate non-specialization. Small-time farming was the ideal. Herding and hunting also took place. Concentrating not on mass export but rather on providing for themselves, they were largely dependent on imports to sustain their non-agricultural needs. In some ways these worlds could be thought to rank alongside the more poverty stricken but in reality they served as the perpetual customers for which more developed systems existed to supply.

Universal Trade Union
Due to SR's great economy, they co-founded the Universal Trade Union, and Veatrex City was made the secondary base.