Which concept is described as a compromise between economic liberalism and state intervention?
A) Fair trade
B) Outsourcing
C) Embedded liberalism
D) Welfare economics

Question

Quizplus · Accepted Answer

Embedded liberalism is the concept that advocates for a compromise between economic liberalism (free market) and state intervention. It believes that while free markets are essential, the government should ensure that social protections and regulations are in place to safeguard its citizens.

Which Concept Is Described as a Compromise Between Economic Liberalism