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social market
(redirected from Social market economy)

   Also found in: Wikipedia 0.03 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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Since the year 2000, Syria achieved advanced economic levels that revitalized economy and improved livelihood as part of a realistic strategy for gradually adopting a social market economy that takes into account Syria's basic economic interests.
The Turkish-German Development Cooperation aims to create a strong and democratic society and a social market economy, eliminate imbalance between the urban and rural life and different regions in Turkey, and support local infrastructure projects and small and medium scale enterprises.
There is an urgent need for a social market economy where competition is part of it.
 
 
 
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