Soziale Marktwirtschaft

The Soziale Marktwirtschaft, or Social Market Economy, is an economic system that combines a free-market approach with social policies to promote both economic efficiency and social fairness. It encourages competition and innovation while ensuring protections such as social security, healthcare, and workers' rights. The goal is to balance individual enterprise with social responsibility, fostering growth and stability while preventing excessive inequality. Originating in Germany after World War II, this model seeks to create a prosperous economy that benefits all citizens, maintaining a level playing field within a regulated market environment.