Denmark has a technologically advanced free-market economy, mainly involved in high value-added production such as processing and finishing products, rather than extracting and producing raw materials. Main exports are industrial products, followed by agricultural products— chiefly livestock-based products such as cheese, pork, and other meats. Denmark's reliance on export trade has meant that its economy has been sensitive to fluctuations in world demand, although its generous welfare state policies since the 1960s have cushioned the population from suffering much from this volatility. Because of its geographic location, Denmark is an important distribution point for Eastern Europe, Scandinavia, England, and the rest of Europe.
Denmark has a technologically advanced free-market economy, mainly involved in high value-added production such as processing and finishing products, rather than extracting and producing raw materials. Main exports are industrial products, followed by agricultural products— chiefly livestock-based products such as cheese, pork, and other meats. Denmark's reliance on export trade has meant that its economy has been sensitive to fluctuations in world demand, although its generous welfare state policies since the 1960s have cushioned the population from suffering much from this volatility. Because of its geographic location, Denmark is an important distribution point for Eastern Europe, Scandinavia, England, and the rest of Europe.
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