What Type of Economy Does France Have?

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The French economy is made up of both privatized and government-run sectors. It is considered to be very diverse.

The government has privatized many large companies, such as Air France and France Telecom. However, the government kept its strong presence in the public transportation and defense industry. Another major contributor to the French economy is its tourism. France is the most visited country in the world and receives 82 million tourists per year. It has the third-largest income in the world from tourism. The French economy is based on the capitalism structure and leaders who work to uphold social equality by using the law.