The social market claims to represent a balance between free-enterprise capitalism and state-led socialism. First, discuss the major characteristics of this set of policy options that characterize the German political economy, paying particular attention to how it differs from both capitalism and socialism. Second, analyze the strengths and weakness of the social market system. Finally, assess how this system has been and is being impacted by such challenges as globalization and continued integration with the European Union.

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The Answer of The social market claims to represent a balance between free-enterprise capitalism and state-led socialism. First, discuss the major characteristics of this set of policy options that characterize the German political economy, paying particular attention to how it differs from both capitalism and socialism. Second, analyze the strengths and weakness of the social market system. Finally, assess how this system has been and is being impacted by such challenges as globalization and continued integration with the European Union.

The Social Market Claims to Represent a Balance Between Free-Enterprise