What kind of economic system dominates Denmark? How effective is it?

Question

How do people make money? How much? What do they spend it on? Are the taxes high Does it have a trade deficit or surplus?

Answer 1

They have a market economy in Denmark. It is pretty effective. This thoroughly modern market economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, a stable currency, and high dependence on foreign trade. Denmark is a net exporter of food and energy and has a comfortable balance of payments surplus and zero net foreign debt. Also of importance is the sea territory of more than 105,000 km². Demark was once again No. 1 on the Economist Intelligence Unit's "e-readiness" list. "A country's "e-readiness" is a measure of its e-business environment, a collection of factors that indicate how amenable a market is to Internet-based opportunities."

They also follow a welfare model that applies to all its citizens (social security, health and education). Because of that, and because the burden of welfare, taxes are high (25% Value Added Tax and igh income tax).

Hope this helps.

Answer 2

Denmark Economic System

Answer 3

Agriculture and Industrialization help develop Denmark's economy.

Answer 4

MArket economy, aka capitalism, neo-liberalism

Answer 5

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