The German Economy

Germany’s economy has gone through wars and mergers, but still it has always been Germany is as an export-oriented growth model of the country, its economic prosperity is largely dependent on the export of domestic products. As a result, they need to lower the prices of their exports because behavior of costs lies at the root of the difference in export performance and only lower prices can be competitive in the export market. At the same time, however, Germany’s unique economic system has resulted in lower average consumption levels for all people in the country and lower wages per employee in various industries. As a result, although the German economy relies on exports and industry to perform better overall, consumers and occupants within the country have not felt the economy’s overwhelming prosperity. At the same time, since the German economy is mainly centered on foreign export trade, the long-term lack of attention to the development of domestic industries has led to a lack of creativity and innovation in most companies, which has led to stagnation in the manufacturing level and economic situation of some domestic sectors and industries, which is manifested by the lack of growth outside the centers of creative industries.