What type of economy does Ireland have?

Ireland has a mixed economy. This means that it has elements of both capitalism and socialism. The Irish economy is characterized by a high degree of government intervention and regulation, as well as a strong social welfare system.

The Irish government plays a major role in the economy, providing subsidies and other forms of support to businesses, and regulating industries such as telecommunications, energy, and transportation. The government also owns several large companies, including the Electricity Supply Board (ESB), Bord Gáis Éireann (BGÉ), and RTÉ.

The Irish social welfare system is one of the most generous in the world, providing a wide range of benefits and services to citizens, such as unemployment benefits, healthcare, and education.

The Irish economy has been growing rapidly in recent years, and is expected to continue to grow in the future. This growth has been driven by a number of factors, including the country's low corporate tax rate, its well-educated workforce, and its strong infrastructure.

Ireland is a member of the European Union (EU) and the Eurozone, and is heavily integrated into the global economy. The country is a major exporter of goods and services, and is also a popular destination for foreign investment.

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