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social market

   Also found in: Wikipedia 0.01 sec.
social market
n
(Economics)
a.  an economic system in which industry and commerce are run by private enterprise within limits set by the government to ensure equality of opportunity and social and environmental responsibility
b.  (as modifier) a social-market economy


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Commentary by Yusuf Mansur Freedom and order for more justice: social market economy - a model for the Arab world?
Third, macro-economic management and wage-bargaining, and fourth, the issue of participation in corporate governance, job security, training and skills are discussed in two chapters that bring together issues that are institutionally linked in social market economies.
The two-day conference, titled "Social Partnerships in the Middle East: The Impact of the Social Market Economy on Economic Development", was designed to bring experts and influential people together to discuss openly and to share ideas with each other.
 
 
 
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