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- The social market economy is a socioeconomic model that combines a free-market capitalist economic system with social policies and enough regulation to establish both fair competition within the market and generally a welfare state1. It is also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism1. The model is based on the idea of realizing the benefits of a free-market economy while avoiding disadvantages such as market failure, destructive competition, concentration of economic power and the socially harmful effects of market processes2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.en.wikipedia.org/wiki/Social_market_economyThe social market economic model, sometimes called Rhine capitalism, is based upon the idea of realizing the benefits of a free-market economy, especially economic performance and high supply of goods while avoiding disadvantages such as market failure, destructive competition, concentration of economic power and the socially harmful effects of market processes.en.wikipedia.org/wiki/Market_economy
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The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish … See more
Social market economies aims to combine free initiative and social welfare on the basis of a competitive economy. The social market economy is opposed to laissez-faire policies and to See more
Although one of the main factors for the emergence of the European model of capitalism was the attempt to ameliorate the conditions of workers under capitalism and thus stave off the emergence of socialism or socialist revolution, American critics and See more
In 1996, while the US nominal GDP per capita was $29,968, the EU nominal GDP per capita was $19,752. Twenty four years later, in 2020, the … See more
• Abelshauser, Werner (2004). Deutsche Wirtschaftsgeschichte: seit 1945. C. H. Beck. ISBN 978-3-406-51094-6.
• Koppstein, Jeffrey; Lichbach, Mark Irving (2005), Comparative Politics: Interests, Identities, And Institutions In A Changing Global Order, … See more• Allen, Christopher S. "Ideas, institutions and organized capitalism: The German model of political economy twenty years after unification." … See more
Wikipedia text under CC-BY-SA license WEB9 May 2024. “Social market economy” is a vague slogan in European political debate. The term originated in Germany. But what does it really mean? Most people think it means a mixed economy, combining the …
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