social market


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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.
References in periodicals archive ?
The Social Market Foundation has suggested that individuals could be at risk of running short of retirement funds after cashing in their pension pots, the BBC reported on Tuesday.
Attempts as part of the new Universal Credit system to encourage claimants to budget properly and make their own rental payments risk "backfiring", the Social Market Foundation said.
"The chapter on the social market economy was even changed, at the insistence of several European commissioners, into highly competitive' social market economy."
It comes into force once the Syrian government notifies Germany that it has finished the required legal procedures.The agreement was signed by Chairman of State Planning Commission Amer Hosni Lutfi and Germany's Ambassador in Damascus Andreas Reinicke.Lutfi underlined the importance of the agreement which reflects the seriousness of the German Government in supporting the development efforts in Syria, particularly in water management and transferring to the social market economy.He added that the 11th five-year plan takes into consideration the differences in the local development between various Syrian areas and works on easing them.
A workshop on the social market economy was kicked off here on Sunday at the Ministry of Industry and Trade.<p>This workshop aims to coming up with recommendations and perceptions to assist the government to develop policies and programs of modern economic, social and environmental system in Yemen.
One model, the Social Market Economy, was introduced in Germany in 1949.
European Values as Precondition of a Social Market Economy
Freedom and order for more justice: social market economy - a model for the Arab world?
To set up his comparison between "liberal market economies" and "social market economies" he looks across the cross-national typologies produced by Esping Anderson, Katzenstein and Soskice to identify three core features of the "social market economy": structures of corporate finance and governance that are called "organized business," national level institutionalised collective bargaining, and extensive public social provision.
Organized by the Kondrad-Adenauer Foundation and Talal Abu Ghazaleh College of Business at the German-Jordanian University, presentations and debates were held using the German "Social Market Economy" model as a blueprint for the Middle East.
"We are moving away from a social market economy to capitalism, where only the yields count and where those people who have only capital yields in mind are rewarded," the bishop said.
The current government has apparently come to terms with the fact that its old style command economy, that is a centrally controlled and regulated economy based on an old style rigid economic model, does not work and instead is pursuing what some governments in similar predicaments call a social market economy.