An example of a country with a mostly private economy and extensive social welfare programs is

Question

Quizplus · Accepted Answer

Sweden is known for having a mostly private economy, with a strong emphasis on entrepreneurship and free market principles. However, they also have extensive social welfare programs, providing universal healthcare, generous parental leave policies, and subsidized childcare, among other benefits. This unique combination of private enterprise and social welfare is known as the "Swedish model" and is often touted as an example of how to balance economic growth and social equality. While other countries, such as the United States, also have social welfare programs, they have a less extensive safety net than Sweden and a less private economy.

An Example of a Country with a Mostly Private Economy