The Norwegian economy is characterized by a mixed economic model, combining free market activity with significant government involvement. It is heavily influenced by natural resources, particularly oil and gas, which contribute a substantial portion of the country's revenue and exports. Norway is known for its high standard of living and strong welfare system, funded by taxes and the profits from its resource sector. In addition to energy, the economy includes sectors like shipping, fishing, and tourism. Norway has a low unemployment rate and a high level of education among its workforce. The country also emphasizes sustainability, investing in renewable energy and green technologies to diversify its economy.