Iceland's economy is what is known as a mixed economy. The country engages in high levels of free trade, and features government intervention in certain aspects of the economy. In 2012, Iceland's GDP was $14.6 billion.
Opposite of Market Economy
mixed-economy
market economy
market economy
Command Economy & MARKET ECONOMY
Type your answer here... Wales is a place that has a much better economy and it has more technology whereas Iceland is soo cold . LOL :) .. I think.
The Iceland volcanoes affect the economy because when planes are grounded the airlines lose billions of dollars
Yes, of course. Iceland has a modern economy, like any Western European country.
iceland hello's
Iceland is a volcanic island.
Iceland's economy is heavily dependent on fishing, tourism, and software. In recent years, after some serious economic trouble, the welfare system also plays a heavy role.
divergent boundary is located on iceland
stratovolcano
Iceland has a cold climate, partly tundra and partly polar.
One thing that people find in Iceland that is considered an issue is their economy. Lots of Icelandic banks and buisinesses are going bankrupt. Iceland is a very nice country, and you will have to dig deep to find anything else in Iceland that is a "bad thing".
Króna
It is a composite type, also known as the stratovolcano type.