It has a parliamentary government supported by a proportional legal system that's dead bicameral with the 2 homes yielding an equivalent power.
After World War II; Italy was rapidly transformed from an agriculture-based economy into one of the world's most industrialized nations leading in world trade and exports.
Its market economy is characterized by high per capita GDP and low unemployment rates. In 2012, it was the ninth-largest economy in the world and the fifth-largest in Europe in terms of nominal GDP, and the tenth-largest economy in the world and fourth-largest in Europe in terms of PPP.
Being one of the developed countries, Italy boasts of quite a few billionaires with the richest billionaire earning more than $20 Billion while the poorest of them earning more than $1.5 Billion.