what is the economic system? The Italian Economy, has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment.
how do people get their wants and needs met? Italy's large public debt, public sector deficit, low productivity growth, and burdensome and complex tax system, are generally blamed for the poor state of the economy. The 2005 budget included substantial tax cuts and a reduction in the number of tax rates from five to four. The corporate tax rate was reduced from 36% to 33% in 2004. Italians spend more than other Europeans on clothes and shoes, and are second only to Spaniards in spending in bars, restaurants, and hotels. Because many Italians rent their living spaces, expenditure on housing is low. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. Household consumption grew at an average annual rate of 1.6%, approximately 23% of household consumption was spent on food, 12% on fuel, 3% on health care, and 17% on education.
is it equitable? The concept “Equitable and Sustainable Well-being” trends and distribution of its various components, in order to identify the strengths and weaknesses, as well as particular territorial imbalances or advantaged/disadvantaged social groups, considering them from an inter-generational point of view (sustainability).
how do people determine what job/career they take on? Italy offers a variety of industries in which to work. a quality to look at is second languages. English speakers will be valued, particularly in tourism and teaching, not only as a second language but also because the majority of locals are not fluent in English. However, picking up a second language and learning Italian will prove extremely useful and will increase your chances of finding work.The majority of the population will be in direct competition with locals for job opportunities. The South is more rural - concerned mainly with agriculture and farming, which has declined in recent years. The country's major industries include: -ceramics-chemicals-fashion;food processing;iron and steel;machinery;motor vehicles;textiles;tourism