SWEDEN :)

SWEDEN!!

1. What natural resources does this nation have?

Sweden is dependent on its service and manafacturing industries. Also iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber and hydropower.

2. What sectors of the economy are the biggest employers?

71 % services
26 % industry
3 % agriculture

3. How are economic decisions made? who make them?
90% of swedish industry is privately owned, while government ownership is concentrated in mines, transport and energy. Power lies in the hand of the prime minister and cabinet members.

4. What is the most important industry in the nation?

Sweden is a highly industrialized nation. Its based on a combination of advanced engineering and service industries. it relies heavily on exports. Rich deposits of iron ore helped change sweden from a poor country to and advanced country.

5. Does Sweden use advanced technology in its economy?

Yes

They ship high quality goods over seas

nuclear reactors

build modern and sophisticated cars

6. What is one of the major economic problems faced by this nation?

Many swedish people today are worried about unemployment. Sweden is moving from an industry based to a service based economy. Which means they will need less people.

7. In what ways is this nations economy similar to and/or different to Australia's economy?

Both have a low population and high per capita GDP. They are both highly advanced countrys in their technology.

By Amy Walpole