The social market economy
a. accepts the general principle of free market economics but allows significant government involvement in the economy in order to protect domestic economic interests.
b. allows for private property and market-driven economic growth, but also accepts a role for the state in directing the proceeds of economic growth and the compensation of those whom the market leaves behind.
c. involves a substantial role for government in the regulation of the economy and the establishment of social welfare programs.
d. involves minimal government involvement in regulation of the economy and little social welfare spending.
e. is a combination of state-led development measures and authoritarian political practices.
B
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