social market

British  

noun

1. 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

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Example Sentences

“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

The practices and institutions of the social market economy in Germany and the theoretical framework given by Karl Polanyi in The Great Transformation are perhaps a better guide to action.

From The Guardian • Jul. 8, 2012