Victoria 3: How To Raise And Lower The Price Of Goods

Quick Links

  • Buy Orders And Sell Orders
  • The Types Of Goods
  • The Importance Of Infrastructure

One of the most important mechanics in Victoria 3 is its incredibly deep economic simulation. The supply and demand of Goods is something you'll have to learn to manage from the word 'go' in this game and knowing how to manipulate prices is one of the keys to success.

It can be incredibly daunting at first, getting to grips with the economy. There are lots of tables and graphs to look out for, and sometimes things can be entirely out of your hands – if you end up with an economy that suddenly relies on Engine imports from Spain and Spain is suddenly attacked by its enemies, you might find yourself scuppered. Here's a quick primer to managing your internal markets.

Buy Orders And Sell Orders

The simplest way to understand how a Good's price may be altered is through Buy Orders and Sell Orders – or, to put it more traditionally: supply and demand. All Goods in the game have a base price, which is an arbitrary figure that represents how much a person would pay for it if the country produced exactly enough of the Good to meet supply.

  • If there's too much of a Good, its price drops. This means more people can access the Good, but buildings that produce the Good may experience difficulties.
  • If there's not enough of a Good, its price rises. This means that the buildings producing the building can make lots of money and pay their workers higher wages, but those who wish to buy it are in a bad position.

In-game, you can check out a Good's Buy and Sell Orders in the Market menu.

  • Sell Orders represent the Good's supply. This comes from your own production and any imports.
  • Buy Orders represent the Good's demand. This comes from Pop consumption, building consumption, and exports.

If you want to increase the price of a good (for example, to make more money from a consumption tax or to fill your buildings' balances), you'll mostly want to be wary of oversupply. When expanding a Good-producing building, don't overexpand too much too soon – even if you have the raw materials to support it. This will lead to plummeting prices, which means the building won't be able to make enough money to pay its workers. This means less money for you through taxes.

Instead, you'll want to carefully manage supply and demand. If you start making too much of something, consider exporting it to other markets. Alternatively, alter the production methods in your buildings to produce less of it – even temporarily, this can make a huge difference.

Lowering the price of a Good is a bit simpler, and is something you'll likely have to do quite often. You're bound to get notifications in the game telling you that certain Manufacturing Goods or Military Goods are too expensive – to alleviate this, you'll want more of them in your country. Either produce more of them by expanding your production buildings or upgrading your production methods, or import more of them from foreign markets.

The Types Of Goods

There are a few different types of Goods in the game, and this may alter your strategy for raising or lowering prices.

Good TypeDescriptionExamples
Staple GoodsThese are the Goods that people need to survive. Without these, you can expect lots of radicalism. Having the price of Staple Goods swing either way is extremely bad – too expensive and your poorest Pops won't be able to survive, which means revolution, too cheap and your production lines will not be able to produce any, meaning even the wealthy won't have access to it.Grain, Wood, Oil
Industrial GoodsThese are goods that are used primarily in the manufacturing industries. They can be produced from Rural buildings depending on a state's resources, or they can be processed from those raw materials before being used to make other Goods.Iron, Dye, Glass
Luxury GoodsThese are the Goods that people need to stay happy. They are harder to produce, more expensive to purchase, and are generally reserved for your wealthier Pops. Having these Goods be expensive is good for the economy in general, but you're relying on having the wealthy Pops to maintain an invested market.Furniture, Tea, Art
Military GoodsThese Goods supply military buildings, which are in-turn used to supply your armies.Small Arms, Artillery, Ammunition

In general, you'll want your Staple Goods to be as affordable as possible without being unsustainable, your Luxury Goods to be as expensive as possible without being too detrimental to happiness, and your Industrial and Military Goods to be as balanced as possible to ensure your supply lines and army are sustained.

The Importance Of Infrastructure

As your country grows, your infrastructure needs will grow alongside it. This makes sense – as you get larger cities and start supplying more Goods, you'd need more transportation to move them around your nation.

Buildings have infrastructure costs that increase as they are expanded, and states have infrastructure limits that depend on two different types of building: Ports and Railways. Ports contribute a little to infrastructure, but the majority will come from Railways.

If you start as a country that doesn't have Railways researched, you'll want to make it a priority as soon as it's realistic to do so.

If a state's infrastructure needs outweigh its infrastructure support, it will not be able to supply the goods it produces at an efficient rate. This means that they will sell for a lower price than the market price, regardless of what the market price actually is. It's very important to upgrade your infrastructure in line with your needs if you want to stay a stable economy.

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