How does a monarchy affect how you produce and what you produce?

Answer 1

In a monarchy, production and economic activity are often influenced by the ruling authority's policies and priorities. The monarch may exert control over resources, dictate trade practices, and establish regulations that shape industry and agriculture. This centralized power can create a stable environment for investment or, conversely, lead to inefficiencies and favoritism in production. Ultimately, the nature of the monarchy can significantly impact both the types of goods produced and the methods of production employed in the economy.