Question 171
Social market economy means that the economy ...
Deutsch: Soziale Marktwirtschaft bedeutet, die Wirtschaft …
Answer options
- is planned and controlled by the state, supply and demand are not taken into account.
- is based on demand abroad.
- is based on supply and demand, but the state provides social balance.✓ Correct answer
- controls itself solely according to supply and demand.
Explanation
The question refers to a central concept of the German economic system. In politics and society, there is often a discussion about how state influence and the free market economy should be combined. This involves the interplay of supply, demand, competition and the role of the state. Especially after the Second World War, this economic model was shaped to combine economic freedom with social security and to compensate for social inequalities.
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