Which of the following concepts refers to a political and economic system that combines a mostly market-based economy with extensive social welfare programs?

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Welfare capitalism is a political and economic system that blends a market-based economy with comprehensive social welfare programs. This economic system allows people to make their economic choices and leave the operation of the economy to the forces of supply and demand. However, it’s recognized that the government must intervene to ensure the welfare of the entire population.

Which of the Following Concepts Refers to a Political and Economic