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What Makes a "Social Democracy" Different from a "Liberal Democracy

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Essay

What makes a "social democracy" different from a "liberal democracy?" Please discuss the main characteristics of both, illustrating your answer with examples of countries that can be classified within each of the two categories.


Definitions:

Eurobond

A bond issued in a currency other than the currency of the country or market in which it is issued, commonly used for raising international capital.

Multinational Technology

Technologies created, distributed, and utilized by companies operating in multiple countries, emphasizing global innovation and connectivity.

Documentary Collection

A banking process where the seller's bank collects payment for goods from the buyer, against delivery of certain documents.

Exporter's Bank

A financial institution that provides services and financing to companies involved in exporting goods and services abroad.

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