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Sweden has had an economic model in the post-World War II era characterized by close cooperation between the government, labour unions, and corporations. The Swedish economy has extensive and universal social benefits funded by high taxes, close to 50% of GDP. [ 37 ]
The Government of the Kingdom of Sweden (Swedish: Konungariket Sveriges regering) is the national cabinet of Sweden, and the country's executive authority. The Government consists of the Prime Minister and their cabinet ministers ( Swedish : Statsråd ). [ 1 ]
The reason is both to avoid unfair competition (because it could mean using tax money to beat private companies), and a wish to have a market economy instead of a planned economy as much as possible. Based on the tradition of avoiding " ministerial rule ", the government has avoided interfering with the business of the companies, and allowed ...
Sweden's economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country. Data released Wednesday by Statistics Sweden ...
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
During the period 1790-1815 Sweden experienced two parallel economic movements: an agricultural revolution with larger agricultural estates (land reclamation - Enclosure Act of Sweden), [4] the crown transferring areas to private farmers, new crops and farming tools and a commercialization of farming, and a protoindustrialisation, with small industries being established in the countryside and ...
Government policy is carried out by the administrative authorities (förvaltningsmyndigheter) and government agencies of Sweden. These bodies are state-controlled and are formally headed by government-appointed directors-general but act independently from the executive and legislative branches of government.
The name for Sweden is generally agreed to derive from the Proto-Indo-European root *s(w)e, meaning "one's own", referring to one's own tribe from the tribal period. [16] [17] [18] The native Swedish name, Sverige (a compound of the words Svea and rike, first recorded in the cognate Swēorice in Beowulf), [19] translates as "realm of the Swedes", which excluded the Geats in Götaland.