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Nordic Model

Categories: Econ, International

Tiger Woods used to be married to one of these. Then she saw who he was texting and smashed his SUV with a golf club.

Actually, the kind of Nordic Model we're talking about here relates to governmental structure, not statuesque blondes. It's a name given to the type of economic structure you often see in Nordic countries...places like Norway, Denmark, and Sweden.

The setup is marked by a generally capitalist/market economy, but with this basic outline, paired with wide-ranging welfare services. These countries also tend to see high levels of unionization.



Find other enlightening terms in Shmoop Finance Genius Bar(f)