Nordic welfare state
The Nordic welfare state refers to a model of social welfare and economic policy found in the Nordic countries, including Sweden, Denmark, Norway, Finland, and Iceland. This model emphasizes universal access to essential services such as healthcare, education, and social security, funded primarily through high taxation. The goal is to promote social equality and provide a safety net for all citizens.
In the Nordic welfare state, the government plays a significant role in regulating the economy and ensuring that wealth is distributed fairly. This system combines a strong labor market with generous welfare benefits, allowing individuals to pursue education and employment while having access to support during times of need.