About mixed economy in Norway.

I have read a really interesting article about mixed economy in Norway.

So, let's know more about term Mixed economy. Mixed economy it is an economic system which includes a variety of public and government control. Mixed economy is a very good possibility for private firms and their entrepreneurs for making finance desicions independently, but there is a big minus: is that state or government have a superior priority for making finance decisions.

So, in Norway there is a developed mixed economy with many private sectors (firms) which can produce their own product, independently of Norwegian government. Norway is the one of the richest countries in the world, their GDP is 246 billion $ and their inflation is only 0.6% and it is absolutely astonishing achievement. Norway also has a really good statistic of GDP because they have a lot of resources such as oil and gas and they provide many countries of EU. Also Norway has the public sector which among the largest in the world as a percentage of the overall of gross domestic product. And that's why Norway has a very high or maybe highest standard of living if you compare with other rich countries in Europe such as Switzerland, Germany, Great Britain or Sweden.But in recent years, Norwegian government raised taxes and that's why many private sectors and firms reduced their production because they can't pay these huge taxes to the government.

Also there is a raisng of wages of labour and other structural features of the Norwegian environment which caused concern about Norway's ability to maintain their cost of living in post-petroleum era. Since 1970, many things have changed, such as government helps to develop and to encourage many new industries in the private sector. They have made a high-tech industry,because of an interest of growing in encouraging in small private firms and it is a source of emploment in country for the future.

Since 2007, Norway made a huge growth of their economy, they look much better that other western nation.