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flexicurity

noun plural -ties
  1. a welfare-state model, originating in Denmark in the 1990s, that combines labour-market flexibility, social security, and a proactive labour market
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Word Origin

C21: from flexi (ble) + (se) curity
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012