Define the Following Terms: Social Market Economy

question 53

Short Answer

Define the following terms: social market economy

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Definitions:

Accessible

Easily reached or obtained; easy to understand or appreciate.

Automatically

Occurring involuntarily or without conscious thought, as in actions or processes in the human body or computers.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Social Decision Scheme

A model or strategy used within a group to aggregate individual preferences or opinions into a collective decision.