einkarekstri
Einkarekstri refers to the portion of an economy composed of privately owned and operated firms and enterprises that produce goods and services for market exchange. It encompasses sole proprietorships, partnerships, and corporations, and contrasts with the public sector, where ownership and control lie with the state or municipalities.
Ownership and control: Private ownership means decisions about strategy, investment, and day-to-day operations are made by
Economic role: Private sector provides goods and services, drives innovation and employment, competes for resources, pays
Regulation and policy: Competition law, consumer protection, labor standards, tax policy, and access to financing shape
In Icelandic discourse, einkarekstri is a central concept for understanding the country’s economy, distinguishing privately owned