social market economy
01KK86721R239FJ6Q8J8A6BG9NProperties
- _kg_layer
- 0
- country_associated
- West Germany
- description
- An economic model combining a capitalist market economy with social policies that establish both fair competition and a welfare state.
- key_elements
- market economy, social welfare
Relationships
- referenced_byLudwig Erhard
- context
- designed
- source
- President Richard Nixon visited Chairman Mao in Betext_chunk
- source_text
- Economics Minister Ludwig Erhard designed the social market economy
- extracted_fromPresident Richard Nixon visited Chairman Mao in Be
- extracted_at
- 2026-03-09T02:18:55.762Z
- source
- President Richard Nixon visited Chairman Mao in Betext_chunk