Concept information
Preferred term
social market
Definition
- A theory that is designed to deal with market failure and traditional normative values. It became especially prominent in West Germany after the Nazi experience of extensive regulation of markets and dictatorship. [Source: The SAGE Glossary of the Social and Behavioral Sciences; Social Market]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/social_market
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