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They have cradle-to-grave security. Everyone is entitled to medicare, education, retirement benefits and other essential needs. All you have to do is be born. Thus High Taxes.
Answer: high taxes
From Economics 10e Stephen Slavin
Basically the economic system in Sweden is really complicated. As you can see, Sweden is one of the few countries that has a percentage increase in GDP 4.1% (increase in Economic Growth). Sweden and the other Scandinavian countries have survived from this economic crisis for 2 reasons
1) Fiscal Policy, which involves increase in Government Spending and decrease in taxation. That's why the swedish government bought some of the banks, allowing the government to manipulate the interest rates. Even though Fiscal Policy is expensive, they took the risk rather than Monetary Policy which is much cheaper
2) They are out of the Euro currency.
Sweden uses ideas from Planned and Free Market that's why is so successful
Read more: What_economic_system_in_Sweden
What else can I help you with?
What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
Why is it that there is no ideal economic system?
no ideal economic system
What the economic system vs political system?
What the Economic system v. political system
Has the strongest winds in the solar system.?
Neptune has the strongest winds.Neptune does
What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
What is the strongest planet in the solar system?
Earth is the strongest planet in the solar system
What statement best summarizes both the rise of capitalism and growing criticism of the system during the 19th century?
Capitalism flourished by challenging the economic restrictions of mercantilism, but some citizens blamed it for creating economic inequality. (APEX)
Does mars have the strongest gravity?
No. Jupiter has the strongest gravity of the planets in our solar system.
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
Why is it that there is no ideal economic system?
no ideal economic system
What the economic system vs political system?
What the Economic system v. political system
What are types of economic system?
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What has the author Iris Sommer written?
Iris Sommer has written: 'The American economic system as depicted in the critical German literature of the 20th century' -- subject(s): Attitudes, Anti-Americanism, Economic conditions, German literature, History and criticism, Germans
Where is the strongest current in a river system Where is there less current?
The strongest current in a river system is in the main flow. There is less current in eddies and backwaters.
