What Kind of Economic System Does France Have?

What Kind of Economic System Does France Have?

What Kind of Economic System Does France Have?

France has a mixed economic system. A mixed economy features the characteristics of both capitalism and socialism, making it less brutal than total capitalism but more efficient than socialism.

France, like many modern societies, has a large private sector that is dominated by large multinational corporations — such as Air France, Renault, Thales, LVHM and France Telecom. Much of the French economy, which include energy, public transportation and defense industries, is dominated by the government, and the governments holds significant influence over industries that are technically public. The government also exerts control through wealth distribution — similar to the U.S.'s social security programs — and using public funds to meet social goals.