social market


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

QUIZZES

CAN YOU FEEL THE WEAL WITH THIS WORD OF THE DAY QUIZ?

Did you collect all of last week’s words, but eftsoons forget what they mean? Don’t worry, we’re here to jog your memory. See how many words from the week of May 18 to 24 you can get right!
Question 1 of 7
weal
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