Question

Type the correct answer in the box. Spell all words correctly. Which type of economy does Sweden have? Many companies in Sweden are in the private sector, while the government regulates business and provides security to citizens through its extensive welfare system. This is a(n) economy.

Answer 1

mixed economy

Step-by-step explanation:

Sweden is generally defined as a social democracy, or democratic socialist country. Most European countries fit into the category of social democracies, and some even include Canada into that list. They are countries that support and respect private business and property, but at the same time their economies are highly regulated by the government. They also provide an extensive social safety net and many services are public specially health care and education. If you studied Marx, they reached the superior stage of capitalism. Although they are not fools, since they reject communism.