Which of the following economic systems tries to "balance capitalist markets and private property with a greater degree of state intervention in the economy … in an effort to ameliorate the economic inequalities that the free market tends to create"?

Question

Quizplus · Accepted Answer

Social democracy aims to balance the free market's efficiency with social welfare programs and state intervention to address economic inequalities, distinguishing it from pure capitalism, communism, or socialism.

Which of the Following Economic Systems Tries to "Balance Capitalist