The Scandinavian Model refers to a socio-economic system found in countries like Sweden, Norway, and Denmark. It combines a comprehensive welfare state with a competitive market economy. This model emphasizes high levels of taxation to fund public services such as healthcare, education, and social security, ensuring a safety net for all citizens. In addition to strong welfare provisions, the Scandinavian Model promotes labor market flexibility and active labor policies. This approach encourages high employment rates and supports workers through training and job placement services. Overall, it aims to balance economic efficiency with social equity, fostering both growth and well-being.