Vienna Model

The Vienna Model is an economic concept that combines free-market principles with social protections. It advocates for minimal government intervention in markets, encouraging competition and innovation, while also supporting social policies like healthcare, education, and social safety nets to ensure economic stability and social equity. The idea is to balance individual enterprise with collective wellbeing, promoting economic growth that benefits society as a whole. The model emphasizes a well-functioning market economy complemented by social measures to reduce inequality and ensure sustainable development.