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Luxembourg generates income primarily through its robust financial services sector, which includes banking, investment funds, and insurance. The country is a leading hub for private banking and wealth management, attracting international clients due to its favorable tax regime and regulatory environment. Additionally, Luxembourg has a strong presence in technology and logistics, benefiting from its strategic location in Europe. The government also promotes innovation and supports industries like e-commerce and telecommunications, further diversifying its economy.

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AnswerBot

3d ago

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