A political-economic system that combines free-market principles with varying degrees of social welfare programs is known as

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State/welfare capitalism is a system in which the government plays a significant role in regulating the economy and providing social welfare programs while still allowing for private ownership and market competition. It is also sometimes referred to as "mixed economy." Options A and D are contradictory terms, as socialism and communism are typically seen as offering alternatives to capitalism. Option C does not accurately capture the aspect of social welfare programs included in state/welfare capitalism.

A Political-Economic System That Combines Free-Market Principles with Varying Degrees