Mixed Economy

How's Finland Economic life?

Finland has a highly industrialised and mixed economy. They are characterised by open and transparency country. The quality of the legal framework is among the world’s highest, providing effective protection of property rights. The rule of law is well maintained, and a strong tradition of minimum tolerance for corruption continues. Like in other countries, their economy also experienced an economic slowdown. Efforts to restore economic growth, increase competitiveness, and reduce public debt continue to be at the top of the policy agenda. Government spending accounts for over half of GDP and has proven to be a drag on the economy instead of a stimulus, and public debt continues to rise. Finland remained a land of family farms, a narrow elite ran the economy, facilitating decision making, but perhaps contributing to the average worker's sense of exclusion, which may have contributed to the country's endemic labor unrest.

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