Economic management

To finance the welfare state, the state needs income. It gets this, among other things, by collecting taxes and duties. The state also manages the economy by regulating the rules of the game for business through laws, taxes and fees. When the state manages the economy, the aim is, among other things, to facilitate economic growth, fair competition between companies, safe working conditions, high employment and equalization of differences, but in recent years there has also been a focus on the environment. Economic management is of great importance both for working and business life and for the welfare state and is considered the third pillar of the Nordic social model.