Sweden vs. Finland
Comparing Economic Characteristics
In this essay I'm going to compare and contrast Sweden and Finland's economic characteristics. Compare means to show all the similarity between things and contrast means the show all the differences between things. Economic characteristics are how people earn and spend their money in their country. It's interesting how two countries so close together geographically can have so many similarities and differences.
Natural resources are very important to both countries economies. Sweden is a big producer of iron ore and other natural minerals. Finland is not a big producer of minerals. They lack in coal, oil, and most of the other natural minerals. Over half of Sweden is covered in forests. Finland also has lots of forests. The government owns one-third of their northern forest and timber is Finland's biggest export. They are a world leader in the pulp and paper market.
The two countries have different money systems.
In Sweden they use krona and you have to use eight and a half krona to equal one U.S. dollar. In Finland the call their money finmark and one finmark equals one U.S. dollar.
Both Finland and Sweden joined the EU (European Union) in 1994. Both countries have socialist governments. Both countries have very well-developed health care systems. Both countries spend approximately 8.8% of their GNP on health care costs.
Finland and Sweden both have a free-market economy. This is a good thing because this means that the government can't put prices on someone else's products. This means people get to put their own prices on their own products. Finland has a very high unemployment rate at ten percent and Sweden on the other hand has a lower one at five point five percent.
Finland and Sweden agriculturally produce different things. Finland produces cereals, sugar...