Nordic model
economic and social policies common to the Nordic countries, including a comprehensive welfare state and collective bargaining at the national level, while being based on the economic foundations of free market capitalism From Wikipedia, the free encyclopedia
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The Nordic model (or Nordic capitalism[1] or Nordic social democracy)[2][3] is the economic and social policies common to the Nordic countries (Denmark, Finland, Norway, Iceland, Greenland, Faroe Islands and Sweden).
This includes a combination of free market capitalism with a comprehensive welfare state and collective bargaining at the national level.[4][5]
References
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