Germany is an example of a(n)_________ economy.

Question

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Germany's economy is considered a coordinated market economy, which is characterized by collaboration between businesses, labor unions, and the government to create policies that support long-term economic growth and stability. In a coordinated market economy, companies work closely with their suppliers, customers, and competitors to improve efficiency and innovation. The government also plays a significant role in shaping economic policies and providing support for businesses and workers. This is in contrast to a liberal market economy, where individual firms operate largely independently and there is minimal government intervention.

Germany Is an Example of A(n)_________ Economy