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social market

British

noun

1. 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
2. ( as modifier )
  
  a social-market economy

"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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“Reaching the climate goals of Paris is our top priority. We want to reinvent our social market economy as a social-ecological market economy.”

From New York Times • Nov. 25, 2021

Merkel’s spokesman, Steffen Seibert, wrote on Twitter late Sunday night: “Good that Emmanuel Macron was successful with his course for a strong EU + social market economy.”

From Washington Times • Apr. 24, 2017

The site calls itself a "social market place for the firearms community."

From US News • May 13, 2016

He described himself as a champion of the social market economy - but he said it would only work with social dialogue.

From BBC • Jul. 15, 2014

They favour a society influenced rather less by Anglo-Saxon capitalism and rather more by the catholic teachings that inspired Europe's postwar social market economy.

From The Guardian • Jun. 29, 2012

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023