Is france a rich or a poor country?What type of economic system is utilized?

Answer 1

Economy = in the middle
France is in the midst of transition, from a well-to-do modern economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms. The Socialist-led government partially or fully privatized many large companies, banks, and insurers, but the government retains controlling stakes in several leading firms, including Air France, France Telecom, Renault, and Thales, and is dominant in some sectors, particularly power, public transport, and defense industries. The telecommunications sector is gradually being opened to competition. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. The current government has lowered income taxes and introduced measures to boost employment. The government is focusing on the problems of the high cost of labor and labor market inflexibility resulting from the 35-hour workweek and restrictions on lay-offs. The government is also pushing for pension reforms and simplification of administrative procedures. The tax burden remains one of the highest in Europe (43.8% of GDP in 2003). The current economic slowdown and inflexible budget items have pushed the 2003 deficit to 4% of GDP, above the EU's 3% debt limit. Business investment remains listless because of low rates of capital utilization, sluggish demand, high debt, and the steep cost of cap

Answer 2

France is part of the G8 (Germany, Japan, UK, Canada, US, France, etc...). It is one of the wealthiest country in the world and people live better in France than in the US. Everyone takes a five week vacation per year. They have a Democratic government, social health-care and retirement program through the government. People are entitled to take sick leave, medical leave, maternity leave through the government. Medication, psychological and chiropractic treatment are covered as well as acupuncture. Should I say more? Of course, the French strike on the regular basis to keep up with their rights or acquire more rights.

Answer 3

wealthy or destructive. what's wealthy ? you will possibly be wealthy previous all others and be mendacity motionless on your death mattress for years.you will possibly be so destructive that your ribs stick out and your face caves in and you do not have 2 cents to rub mutually or maybe one cent to coach heads you shop attempting to stay,orf tails you die immediately by your man or woman capacity.You smile on the wealthy and picture of what you will do with their wealth for mankind .You smile on the destructive and say yet for a job is going me.stop elevating fees on each and every thing for 12 months and stop taxes for 12 months. A year of tax loose existence ,a year of stay on the comparable fee or maybe the poorest could be wealthy.If each and every human became into given a million greenback CD at beginning and might desire to basically assemble the activity month-to-month all destructive human beings could be wealthy. are you able to think of 5 years of no fee raised everywhere contained in the worldwide and no tax everywhere contained in the worldwide. then economic equipment could be previous beleif. all of us has a dream.

Answer 4

its a rich country,they are on a social system