https://www.cia.gov/library/publications/the-world-factbook/geos/ic.html
Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. Government economic priorities have included stabilizing the krona, reducing the current account deficit, containing inflation, restructuring the financial sector, and diversifying the economy. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. It remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism. Abundant geothermal power has attracted substantial foreign investment in the aluminum and hydropower sectors and boosted economic growth, although the financial crisis has put several investment projects on hold. Much of Iceland's economic growth in recent years came as the result of a boom in domestic demand following the rapid expansion of the country's financial sector. Domestic banks expanded aggressively in foreign markets, and consumers and businesses borrowed heavily in foreign-currency loans, following the privatization of the sector in the early 2000s. Worsening global financial conditions throughout 2008 resulted in a sharp depreciation of the krona vis-a-vis other major currencies. The foreign exposure of Icelandic banks, whose loans and other assets totaled more than 10 times the country's GDP, became unsustainable. Iceland's three largest banks collapsed in late 2008. The country negotiated over $10 billion in loans from the IMF and other countries to stabilize its currency and financial sector, and to guarantee foreign deposits in Icelandic banks. A protracted recession is expected in 2009 and 2010 with GDP likely to contract and unemployment likely to surpass 10%. The collapse of the financial system has led to a major shift in opinion in favor of joining the EU and adopting the euro. Previous opposition to this move stemmed from Icelanders' concern about losing control of their fishing resources. Iceland's coalition government collapsed in January 2009 following protests over growing joblessness and losses to personal savings.
https://www.cia.gov/library/publications/the-world-factbook/geos/no.html#Econ
The Norwegian economy is a prosperous bastion of welfare capitalism, featuring a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. Norway is the world's third-largest gas exporter; its position as an oil exporter has slipped to seventh-largest as production has begun to decline. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticipation of eventual declines in oil and gas production, Norway saves almost all state revenue from the petroleum sector in a sovereign wealth fund. After lackluster growth of less than 1.5% in 2002-03, GDP growth picked up to 2.5-6.2% in 2004-07, partly due to higher oil prices. Growth fell to 2.3% in 2008 as a result of the slowing world economy and the drop in oil prices.
Originally posted by zeeblebotWhich doesn't change anything not already discussed. It's often considered, sometimes also, and usually considered. If it were a part of Scandinavia wouldn't it just say so?
http://en.wikipedia.org/wiki/Scandinavia
6. ^ Hirsch, E.D. Jr.; Joseph F. Kett; James Trefil, Editors (2002). "Scandinavia". The New Dictionary of Cultural Literacy (Third ed.). http://www.bartleby.com/59/15/scandinavia.html. Retrieved on 2007-01-31. "The region in northern Europe containing Norway, Sweden, and Denmark and the peninsulas they occupy. Th ...[text shortened]... Norway, and Denmark; Finland and Iceland are usually considered part of Scandinavia."
Originally posted by zeeblebotWell done. You are coming across references which document or reflect common misusage. My word, you are being so zeeblebotty today!
http://en.wikipedia.org/wiki/Scandinavia
6. ^ Hirsch, E.D. Jr.; Joseph F. Kett; James Trefil, Editors (2002). "Scandinavia". The New Dictionary of Cultural Literacy (Third ed.). http://www.bartleby.com/59/15/scandinavia.html. Retrieved on 2007-01-31. "The region in northern Europe containing Norway, Sweden, and Denmark and the peninsulas they occupy. Th ...[text shortened]... Norway, and Denmark; Finland and Iceland are usually considered part of Scandinavia."
Finland and Iceland are usually considered part of Scandinavia by people who are somewhat misinformed or not bothered by the fact that their chosen 'definition' is inaccurate. People like yourself.
I have never ever ever met a Finn - and I know a few - who considered himself or herself to be Scandinavian. Nor will you. Believe me.
As I said before, a harmless error. Don't worry about it.
Originally posted by FMFthree dictionaries cited, and one encyclopedia, and you still don't get it ... classic FMF ...
Well done. You are coming across references which document or reflect common misusage. My word, you are being so zeeblebotty today!
Finland and Iceland are usually considered part of Scandinavia by people who are somewhat misinformed or not bothered by the fact that their chosen 'definition' is inaccurate. People like yourself.
I have never ever [i ...[text shortened]... avian. Nor will you. Believe me.
As I said before, a harmless error. Don't worry about it.
Originally posted by zeeblebot🙄
three dictionaries cited, and one encyclopedia, and you still don't get it ... classic FMF ...
You are such a compulsive cut & paster, and you cannot even interpret what your cut & pastes are telling you.
Find me a Finn who will declare him/herself a Scandinavian!
Venture into the realm of real humans.
Your cuts and pastes have proved you to be in error so far.
Originally posted by Lundosisn't location on the Scandinavian peninsula a prerequisite for membership in Scandinavia? Denmark used to own a piece of the peninsula, and is still accounted as Scandinavian even by the most restrictive definition. Finland now owns a piece of the peninsula and is not accounted as Scandinavian by the most restrictive definition.
So? Are you saying Denmark isn't part of Scandinavia and Finland is?
Originally posted by FMFyou'll have to be more specific if you want to argue with dictionary entries.
🙄
You are such a compulsive cut & paster, and you cannot even interpret what your cut & pastes are telling you.
Find me a Finn who will declare him/herself a Scandinavian!
Venture into the realm of real humans.
Your cuts and pastes have proved you to be in error so far.