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The social market economic model, sometimes called Rhine capitalism, is based upon the idea of realizing the benefits of a free-market economy, especially economic performance and high supply of goods while avoiding disadvantages such as market failure, destructive competition, concentration of economic power and the socially harmful effects of ...
The eco-social market economy is a holistic model based on a strong and innovative market economy. The eco-social market economy requires that the protection of the environment and social fairness are vital criteria for all economic activity. The protection of the ecology and habitat for future generations are central issues for eco-social ...
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
The economic growth that characterized the U.S. economy in 2024 is expected to continue, although not quite at the same levels. Goldman Sachs forecasts a 2.5% increase in the U.S. GDP compared to ...
Planning can also take the form of indicative planning within a market-based economy, where the state employs market instruments to induce independent firms to achieve development goals. [5] A distinction can be made between physical planning (as in pure socialism) and financial planning (as practiced by governments and private firms in ...
At worst, economists say, tariffs could lead to higher prices, supply shortages, weaker economic growth, a tit-for-tat trade war that threatens to remake the global economy and — if bad enough ...
Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces ...
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.