Scandinavian model
The Scandinavian model refers to the socio-economic system prevalent in Nordic countries like Sweden, Norway, and Denmark. It combines a free-market economy with a strong welfare state. This model emphasizes high levels of taxation to fund extensive public services, such as healthcare, education, and social safety nets. It aims to promote equality and provide a high quality of life for all citizens while encouraging economic competitiveness. The balance between individual freedoms and collective responsibility characterizes this model, which is often praised for reducing poverty and fostering social cohesion.
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The Scandinavian Model refers to the social and economic framework used by countries like Sweden, Norway, and Denmark. It combines a strong welfare state with a competitive market economy. This means that while the government provides extensive services like healthcare, education, and social security, it also fosters a dynamic business environment. High taxes fund these services, but citizens benefit from low levels of poverty and high quality of life. The model aims for social equality while promoting economic growth, balancing individual freedom with collective responsibility.