Question 171 · Federal question

Social market economy means the economy...

Topic: Welfare State and Work

German original (as asked in the real test)

Soziale Marktwirtschaft bedeutet, die Wirtschaft …

Translation

Social market economy means the economy...

Explanation

Germany’s social market economy combines free-market principles (prices set by supply and demand) with state measures to ensure social security and fairness, such as social insurance and competition policy. It is neither pure laissez-faire nor centrally planned, and it is not oriented primarily toward foreign demand.

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