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Economy of Finland

Index Economy of Finland

Finland has a highly industrialised, mixed economy with a per capita output similar to that of other western European economies such as France, Germany and United Kingdom but slightly lower than Sweden. [1]

140 relations: ABB Group, Agriculture, Ahtium, Airline, Alko, Angry Birds, Artek (company), Balanced budget, Bilateral trade, Biotechnology, Black market, Canada, Capital gains tax, Carlsberg Group, Cobalt, Competition (companies), Continuation War, Corporate governance, Corporate tax, Corruption Perceptions Index, Denmark, E-readiness, Early 1990s depression in Finland, Ease of doing business index, Economic and Monetary Union of the European Union, Economist Intelligence Unit, Economy of Europe, Economy of France, Economy of Germany, Economy of Sweden, Economy of the United Kingdom, Effective marginal tax rate, Electronics, Energy in Finland, Euro, European Economic Community, European Union, Eurozone, Evangelical Lutheran Church of Finland, Financial market, Findicator, Finland, Finnair, Finnish maritime cluster, Finnish Orthodox Church, Fiskars, Foreign direct investment, Forestry, Government debt, Greater Helsinki, ..., Gross domestic product, GSM, Helsinki, Helsinki Airport, Helsinki Stock Exchange, Household debt, Iceland, Iittala, Index of Economic Freedom, Industry in Finland, Information and communications technology, International Institute for Management Development, International trade, Jacqueline Kennedy Onassis, Knowledge economy, Kone, Labour economics, List of banks in Finland, List of companies of Finland, List of countries by GDP (nominal), List of countries by GDP (PPP), List of countries by number of Internet users, Lumber, Marimekko, Mercedes-Benz, Metsä Board, Mixed economy, MS Freedom of the Seas, Municipalities of Finland, Myllykoski Corporation, National income policy agreement, Natural monopoly, Neste, Netherlands, Nickel, Nokia, Nordic model, Norway, Nuclear power in Finland, OECD, Official development assistance, Outokumpu, Overheating (economics), Paasikivi–Kekkonen doctrine, Patria (company), Paul Krugman, Per capita, Ponsse Corporation, Posti Group, Primary sector of the economy, Product market, Property tax, Pulp and paper industry, Republic of Ireland, Rolling stock, Rovio Entertainment, Royal Caribbean International, Russia, Savings and loan crisis, Service (economics), Shipbuilding, Siemens, Sisu Auto, Soviet Union, Standard & Poor's, State-owned enterprise, Stora Enso, STX Finland, Sweden, Tailings, Tax refund, Tax wedge, Tellabs, The New York Times, Transfer tax, Unemployment, UPM (company), Uranium mining, Uusikaupunki, Valmet Automotive, Valmet tractor, Valtra, Value-added tax, VR (company), VTT Technical Research Centre of Finland, Wärtsilä, Winter War, World Economic Forum, World Trade Organization, 1995 enlargement of the European Union. Expand index (90 more) »

ABB Group

ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipments, and automation technology areas.

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Agriculture

Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life.

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Ahtium

Ahtium plc is a Finnish former mining company, which filed for bankruptcy on 6 March 2018.

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Airline

An airline is a company that provides air transport services for traveling passengers and freight.

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Alko

Alko is the national alcoholic beverage retailing monopoly in Finland.

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Angry Birds

Angry Birds is a video game franchise created by Finnish company Rovio Entertainment.

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Artek (company)

Artek is a Finnish furniture company.

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Balanced budget

A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures.

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Bilateral trade

Bilateral trade or clearing trade is trade exclusively between two states, particularly, barter trade based on bilateral deals between governments, and without using hard currency for payment.

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Biotechnology

Biotechnology is the broad area of science involving living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use" (UN Convention on Biological Diversity, Art. 2).

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Black market

A black market, underground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.

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Canada

Canada is a country located in the northern part of North America.

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Capital gains tax

A capital gains tax (CGT) is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than the amount realized on the sale.

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Carlsberg Group

Carlsberg A/S is a global brewer.

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Cobalt

Cobalt is a chemical element with symbol Co and atomic number 27.

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Competition (companies)

Company competition, or competitiveness, pertains to the ability and performance of a firm, sub-sector or country to sell and supply goods and services in a given market, in relation to the ability and performance of other firms, sub-sectors or countries in the same market.

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Continuation War

The Continuation War was a conflict fought by Finland and Nazi Germany, as co-belligerents, against the Soviet Union (USSR) from 1941 to 1944, during World War II.

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Corporate governance

Corporate governance is the mechanisms, processes and relations by which corporations are controlled and directed.

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Corporate tax

A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities.

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Corruption Perceptions Index

Transparency International (TI) has published the Corruption Perceptions Index (CPI) since 1995, annually ranking countries "by their perceived levels of corruption, as determined by expert assessments and opinion surveys." The CPI generally defines corruption as "the misuse of public power for private benefit".

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Denmark

Denmark (Danmark), officially the Kingdom of Denmark,Kongeriget Danmark,.

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E-readiness

E-readiness refers to a country's capacity and state of preparedness to participate in the electronic world.

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Early 1990s depression in Finland

The early 1990s depression in Finland was one of the worst economic crises in Finland's history, even worse there than the depression of the 1930s.

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Ease of doing business index

The ease of doing business index is an index created by Simeon Djankov at the World Bank Group.

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Economic and Monetary Union of the European Union

The Economic and Monetary Union (EMU) is an umbrella term for the group of policies aimed at converging the economies of member states of the European Union at three stages.

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Economist Intelligence Unit

The Economist Intelligence Unit (EIU) is a British business within the Economist Group providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports.

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Economy of Europe

The economy of Europe comprises more than 740 million people in 50 different countries.

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Economy of France

France has the world's 6th largest economy by 2017 nominal figures and the 10th largest economy by PPP figures.

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Economy of Germany

The economy of Germany is a highly developed social market economy.

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Economy of Sweden

The economy of Sweden is a developed export-oriented economy aided by timber, hydropower, and iron ore.

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Economy of the United Kingdom

The economy of the United Kingdom is highly developed and market-oriented.

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Effective marginal tax rate

The effective marginal tax rate (EMTR) is the combined effect on a person's earnings of income tax and the withdrawal of means testing of state welfare benefits.

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Electronics

Electronics is the discipline dealing with the development and application of devices and systems involving the flow of electrons in a vacuum, in gaseous media, and in semiconductors.

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Energy in Finland

Energy in Finland describes energy and electricity production, consumption and import in Finland.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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European Economic Community

The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Eurozone

No description.

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Evangelical Lutheran Church of Finland

The Evangelical Lutheran Church of Finland (Suomen evankelis-luterilainen kirkko; Evangelisk-lutherska kyrkan i Finland) is a national church of Finland.

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Financial market

A financial market is a market in which people trade financial securities and derivatives such as futures and options at low transaction costs.

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Findicator

Findicator (Findikaattori, Findikator) is an online service providing up-to-date statistical information on the progress of Finland with about 100 indicators describing various aspects of society.

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Finland

Finland (Suomi; Finland), officially the Republic of Finland is a country in Northern Europe bordering the Baltic Sea, Gulf of Bothnia, and Gulf of Finland, between Norway to the north, Sweden to the northwest, and Russia to the east.

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Finnair

Finnair (Oyj, Finnair Abp.) is the flag carrier and largest airline of Finland, with its headquarters in Vantaa on the grounds of Helsinki Airport, its hub.

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Finnish maritime cluster

The Finnish maritime cluster is a cluster of companies in maritime industries in Finland.

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Finnish Orthodox Church

The Finnish Orthodox Church (Suomen ortodoksinen kirkko; Finska Ortodoxa Kyrkan), or Orthodox Church of Finland, is an autonomous Eastern Orthodox archdiocese of the Ecumenical Patriarchate of Constantinople.

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Fiskars

Fiskars Oyj Abp is a consumer goods company founded in 1649 in Fiskars Village (Finnish: Fiskarsin Ruukki), a locality now in the town of Raseborg, Finland, about 100 kilometres (62 mi) west of Helsinki.

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Foreign direct investment

A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.

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Forestry

Forestry is the science and craft of creating, managing, using, conserving, and repairing forests, woodlands, and associated resources to meet desired goals, needs, and values for human and environment benefits.

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Government debt

Government debt (also known as public interest, public debt, national debt and sovereign debt) is the debt owed by a government.

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Greater Helsinki

Greater Helsinki (Helsingin seutu, Suur-Helsinki, Swedish: Helsingforsregionen, Storhelsingfors) is the metropolitan area including the smaller Capital Region (Pääkaupunkiseutu, Huvudstadsregionen) urban kernel and commuter towns surrounding Helsinki, the capital city of Finland.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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GSM

GSM (Global System for Mobile communications) is a standard developed by the European Telecommunications Standards Institute (ETSI) to describe the protocols for second-generation digital cellular networks used by mobile devices such as tablets, first deployed in Finland in December 1991.

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Helsinki

Helsinki (or;; Helsingfors) is the capital city and most populous municipality of Finland.

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Helsinki Airport

Helsinki Airport (Helsinki-Vantaan lentoasema, Helsingfors-Vanda flygplats) is the main international airport of the city of Helsinki, its surrounding metropolitan area, and the Uusimaa region.

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Helsinki Stock Exchange

The Helsinki Stock Exchange (Helsingin Pörssi, Helsingforsbörsen) is a stock exchange located in Helsinki, Finland.

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Household debt

Household debt is defined as the combined debt of all people in a household.

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Iceland

Iceland is a Nordic island country in the North Atlantic, with a population of and an area of, making it the most sparsely populated country in Europe.

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Iittala

Iittala, founded as a glassworks in 1881, is a Finnish design brand specialising in design objects, tableware and cookware.

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Index of Economic Freedom

The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations.

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Industry in Finland

Industry in Finland is the second largest sector of Economy of Finland after the service sector.

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Information and communications technology

Information and communication technology (ICT) is another/extensional term for information technology (IT) which stresses the role of unified communications and the integration of telecommunications (telephone lines and wireless signals), computers as well as necessary enterprise software, middleware, storage, and audio-visual systems, which enable users to access, store, transmit, and manipulate information.

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International Institute for Management Development

International Institute for Management Development (IMD) is a business education school located in Lausanne, Switzerland.

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International trade

International trade is the exchange of capital, goods, and services across international borders or territories.

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Jacqueline Kennedy Onassis

Jacqueline Lee Kennedy Onassis (born Bouvier; July 28, 1929 – May 19, 1994) was the wife of the 35th President of the United States, John F. Kennedy, and the First Lady of the United States from 1961 until his assassination in 1963.

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Knowledge economy

The knowledge economy is the use of knowledge (savoir, savoir-faire, savoir-être) to generate tangible and intangible values.

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Kone

KONE Oyj (officially typeset as KONE), founded in 1910 and headquartered in Espoo near Helsinki, Finland, is an international engineering and service company employing some 55,000 personnel across 60 countries worldwide.

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Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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List of banks in Finland

This list of banks in Finland below was assembled using publicly available information from the Finnish Financial Supervisory Authority and the Finnish Bankers' Association.

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List of companies of Finland

Finland is a sovereign state in Northern Europe.

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List of countries by GDP (nominal)

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.

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List of countries by GDP (PPP)

This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated GDP (PPP).

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List of countries by number of Internet users

Below is a sortable list of countries by number of Internet users as of 2016.

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Lumber

Lumber (American English; used only in North America) or timber (used in the rest of the English speaking world) is a type of wood that has been processed into beams and planks, a stage in the process of wood production.

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Marimekko

Marimekko is a Finnish home furnishings, textiles, and fashion company based in Helsinki.

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Mercedes-Benz

Mercedes-Benz is a global automobile marque and a division of the German company Daimler AG.

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Metsä Board

Metsä Board, previously known as M-real Corporation, is a Finnish paper and pulp company.

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Mixed economy

A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

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MS Freedom of the Seas

MS Freedom of the Seas is a cruise ship operated by Royal Caribbean International.

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Municipalities of Finland

The municipalities (kunta; kommun) represent the local level of administration in Finland and act as the fundamental, self-governing administrative units of the country.

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Myllykoski Corporation

Myllykoski Corporation was a family owned international paper group with central offices in Helsinki and Anjalankoski, manufacturing in Germany, Finland and North America, and sales offices around the world.

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National income policy agreement

Finnish national income policy agreements or comprehensive income policy agreements (often called tupo) are tripartite agreements between Finnish trade unions, employers' organizations, and the Finnish government.

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Natural monopoly

A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.

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Neste

Neste Oyj, (until 1 July 2015 Neste Oil Corporation) is an oil refining and marketing company located in Espoo, Finland.

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Netherlands

The Netherlands (Nederland), often referred to as Holland, is a country located mostly in Western Europe with a population of seventeen million.

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Nickel

Nickel is a chemical element with symbol Ni and atomic number 28.

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Nokia

Nokia is a Finnish multinational telecommunications, information technology, and consumer electronics company, founded in 1865.

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Nordic model

The Nordic model (also called Nordic capitalism or Nordic social democracy) refers to the economic and social policies common to the Nordic countries (Denmark, Finland, Norway, Iceland, the Faroe Islands and Sweden).

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Norway

Norway (Norwegian: (Bokmål) or (Nynorsk); Norga), officially the Kingdom of Norway, is a unitary sovereign state whose territory comprises the western portion of the Scandinavian Peninsula plus the remote island of Jan Mayen and the archipelago of Svalbard.

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Nuclear power in Finland

As of 2008, Finland's nuclear power program has four nuclear reactors in two power plants, all located on the shores of the Baltic Sea.

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OECD

The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.

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Official development assistance

Official development assistance (ODA) is a term coined by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure aid.

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Outokumpu

Outokumpu Oyj is a group of companies headquartered in Helsinki, Finland, producing stainless steel, employing 10,785 employees in more than 30 countries.

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Overheating (economics)

Overheating of an economy occurs when its productive capacity is unable to keep pace with growing aggregate demand.

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Paasikivi–Kekkonen doctrine

The Paasikivi-Kekkonen doctrine refers to a foreign policy doctrine established by Finnish President Juho Kusti Paasikivi and continued by his successor Urho Kekkonen, aimed at Finland's survival as an independent sovereign, democratic, and capitalist country in the immediate proximity of the Soviet Union.

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Patria (company)

Patria Plc (Patria Oyj, Patria Abp) is a Finnish provider of defence, security and aviation life-cycle support services and technology solutions.

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Paul Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times.

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Per capita

Per capita is a Latin prepositional phrase: per (preposition, taking the accusative case, meaning "by means of") and capita (accusative plural of the noun caput, "head").

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Ponsse Corporation

Ponsse Plc (Ponsse Oyj) is a company domiciled in Finland that manufactures and markets a range of forestry vehicles and machinery such as forwarders and harvesters.

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Posti Group

Posti Group Corporation (previously Suomen Posti during 1994–2007 and Itella during 2007–2015) is the main Finnish postal service delivering mail and parcels in Finland.

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Primary sector of the economy

An industry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing.

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Product market

In economics, the product market is the marketplace in which final goods or services are offered for purchase by consumers, businesses, and the public sector.

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Property tax

A property tax or millage rate is an ad valorem tax on the value of a property, usually levied on real estate.

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Pulp and paper industry

The pulp and paper industry comprises companies that use wood as raw material and produce pulp, paper, paperboard and other cellulose-based products.

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Republic of Ireland

Ireland (Éire), also known as the Republic of Ireland (Poblacht na hÉireann), is a sovereign state in north-western Europe occupying 26 of 32 counties of the island of Ireland.

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Rolling stock

The term rolling stock in rail transport industry originally referred to any vehicles that move on a railway.

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Rovio Entertainment

Rovio Entertainment Corporation (formerly Relude and later Rovio Mobile) is a Finnish developer, publisher, distributor of video games and is an entertainment company headquartered in Espoo, Finland.

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Royal Caribbean International

Royal Caribbean International is a cruise line brand founded in Norway and based in Miami, Florida, United States.

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Russia

Russia (rɐˈsʲijə), officially the Russian Federation (p), is a country in Eurasia. At, Russia is the largest country in the world by area, covering more than one-eighth of the Earth's inhabited land area, and the ninth most populous, with over 144 million people as of December 2017, excluding Crimea. About 77% of the population live in the western, European part of the country. Russia's capital Moscow is one of the largest cities in the world; other major cities include Saint Petersburg, Novosibirsk, Yekaterinburg and Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a wide range of environments and landforms. From northwest to southeast, Russia shares land borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland (both with Kaliningrad Oblast), Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia and North Korea. It shares maritime borders with Japan by the Sea of Okhotsk and the U.S. state of Alaska across the Bering Strait. The East Slavs emerged as a recognizable group in Europe between the 3rd and 8th centuries AD. Founded and ruled by a Varangian warrior elite and their descendants, the medieval state of Rus arose in the 9th century. In 988 it adopted Orthodox Christianity from the Byzantine Empire, beginning the synthesis of Byzantine and Slavic cultures that defined Russian culture for the next millennium. Rus' ultimately disintegrated into a number of smaller states; most of the Rus' lands were overrun by the Mongol invasion and became tributaries of the nomadic Golden Horde in the 13th century. The Grand Duchy of Moscow gradually reunified the surrounding Russian principalities, achieved independence from the Golden Horde. By the 18th century, the nation had greatly expanded through conquest, annexation, and exploration to become the Russian Empire, which was the third largest empire in history, stretching from Poland on the west to Alaska on the east. Following the Russian Revolution, the Russian Soviet Federative Socialist Republic became the largest and leading constituent of the Union of Soviet Socialist Republics, the world's first constitutionally socialist state. The Soviet Union played a decisive role in the Allied victory in World War II, and emerged as a recognized superpower and rival to the United States during the Cold War. The Soviet era saw some of the most significant technological achievements of the 20th century, including the world's first human-made satellite and the launching of the first humans in space. By the end of 1990, the Soviet Union had the world's second largest economy, largest standing military in the world and the largest stockpile of weapons of mass destruction. Following the dissolution of the Soviet Union in 1991, twelve independent republics emerged from the USSR: Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia, Azerbaijan, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and the Baltic states regained independence: Estonia, Latvia, Lithuania; the Russian SFSR reconstituted itself as the Russian Federation and is recognized as the continuing legal personality and a successor of the Soviet Union. It is governed as a federal semi-presidential republic. The Russian economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russia's extensive mineral and energy resources are the largest such reserves in the world, making it one of the leading producers of oil and natural gas globally. The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction. Russia is a great power as well as a regional power and has been characterised as a potential superpower. It is a permanent member of the United Nations Security Council and an active global partner of ASEAN, as well as a member of the G20, the Shanghai Cooperation Organisation (SCO), the Council of Europe, the Asia-Pacific Economic Cooperation (APEC), the Organization for Security and Co-operation in Europe (OSCE), and the World Trade Organization (WTO), as well as being the leading member of the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO) and one of the five members of the Eurasian Economic Union (EEU), along with Armenia, Belarus, Kazakhstan and Kyrgyzstan.

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Savings and loan crisis

The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.

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Service (economics)

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

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Shipbuilding

Shipbuilding is the construction of ships and other floating vessels.

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Siemens

Siemens AG is a German conglomerate company headquartered in Berlin and Munich and the largest industrial manufacturing company in Europe with branch offices abroad.

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Sisu Auto

Sisu Auto is a truck manufacturer based in Raseborg, Finland.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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Standard & Poor's

Standard & Poor's Financial Services LLC (S&P) is an American financial services company.

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State-owned enterprise

A state-owned enterprise (SOE) is a business enterprise where the state has significant control through full, majority, or significant minority ownership.

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Stora Enso

Stora Enso Oyj (Stora and Enso) is a pulp and paper manufacturer headquartered in Helsinki, Finland, with significant operations in four continents.

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STX Finland

STX Finland Oy, formerly Aker Yards Oy, was a Finnish shipbuilding company operating three shipyards in Finland, in Turku, Helsinki and Rauma, employing some 2,500 people.

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Sweden

Sweden (Sverige), officially the Kingdom of Sweden (Swedish), is a Scandinavian country in Northern Europe.

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Tailings

Tailings, also called mine dumps, culm dumps, slimes, tails, refuse, leach residue or slickens, terra-cone (terrikon), are the materials left over after the process of separating the valuable fraction from the uneconomic fraction (gangue) of an ore.

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Tax refund

A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid.

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Tax wedge

The tax wedge is the deviation from the equilibrium price/quantity (P^* and Q^*, respectively) as a result of the taxation of a good.

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Tellabs

Tellabs, Inc. is a global network technology provider providing services towards both private and governmental agencies.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Transfer tax

A transfer tax is a tax on the passing of title to property from one person (or entity) to another.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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UPM (company)

UPM-Kymmene Oyj is a Finnish forest industry company.

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Uranium mining

Uranium mining is the process of extraction of uranium ore from the ground.

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Uusikaupunki

Uusikaupunki (Nystad), is a town and municipality of Finland.

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Valmet Automotive

Valmet Automotive (formerly known as Saab-Valmet) is a contract manufacturer and service provider for the automotive industry.

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Valmet tractor

Valmet (originally Valtion Metallitehtaat - State Metalworks) was formed in 1951, when the country of Finland decided to group their various factories working on war reparations to the Soviet Union under one company, Valmet.

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Valtra

Valtra is a manufacturer of tractors and agricultural machinery and forms part of the AGCO Corporation.

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Value-added tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution.

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VR (company)

VR (formally VR Group) is a government-owned railway company in Finland.

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VTT Technical Research Centre of Finland

VTT Technical Research Centre of Finland Ltd is a state owned and controlled non-profit limited liability company.

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Wärtsilä

Wärtsilä is a Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets.

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Winter War

The Winter War was a military conflict between the Soviet Union (USSR) and Finland.

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World Economic Forum

The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva, Switzerland.

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World Trade Organization

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.

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1995 enlargement of the European Union

The 1995 enlargement of the European Union saw Austria, Finland, and Sweden accede to the European Union (EU).

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Redirects here:

Economy of finland, Finland economy, Finland/Economy, Finnish economy, Finnish tractors, Mining in Finland.

References

[1] https://en.wikipedia.org/wiki/Economy_of_Finland

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