Nordic welfare model

The Nordic welfare model, practiced in countries like Sweden, Norway, Denmark, Finland, and Iceland, combines a strong social safety net with a competitive economy. It provides universal access to healthcare, education, and generous social benefits, funded largely through high taxes. This system aims to promote equality, reduce poverty, and ensure all citizens have basic security and opportunities. Despite high taxes, these countries maintain robust economies with active labor markets and social cohesion. The model balances individual responsibility with collective support, fostering a high standard of living and social trust among its citizens.