Sweden had less formal lockdowns, but recommendations that was largely followed . Also limited opening hours for restaurants and closed events with live audience. Most workers stayed at home, traveling went down A LOT and people could not visit care homes etc. If you compare the effect on society it was largely the same as the rest of Scandinavia that did have slightly more formal lockdowns.
Lots of companies (restaurants, cultural events like concerts, theatre etc.) had real economical issues and a lot of people became unemployed. Could be worse, but still it is misleading to say life continued as normal. A quick google show that unemployment in Sweden doubled during the pandemic and that is largely attributed to the measures that took place as a response to the pandemic.