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| | AllRefer.com - Iceland: Economy (**iceland-adj** Economy) : GDP, Budget, Industries, Electricity, Imports-Exports, ... |
 | | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. |
 | | Government policies include reducing the budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries. |
 | | Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. |
| reference.allrefer.com /world/countries/iceland/economy.html (401 words) |
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