Definition of social market economy in English:

social market economy

Line breaks: so¦cial mar¦ket econ|omy
(also social market)

noun

  • An economic system based on a free market operated in conjunction with state provision for those unable to work, such as elderly or unemployed people.
    More example sentences
    • They often object to the community ethic that underpins the social market economy, preferring a more individualistic approach to society.
    • And in Germany we have a certain culture, a social market economy.
    • The social market economy, which we embrace, is based on these principles.

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a powerful whirlpool in the sea