Luxembourg Economy

Luxembourg is a small country located in western Europe with a population of about 626,000 people. It has a developed, high-income economy that is ranked as the 21st-largest in the world.

The Luxembourgish economy is a mixed economy, meaning it combines elements of a market economy with a planned economy. The government plays a significant role in the economy through state-owned enterprises and other forms of regulation, but there is also a significant private sector.

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