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Difference between free market economy and a social market economy?
03-18-2014, 06:48 PM
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Pricele$$ Offline
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A free market economy is privatization of goods and services. Individuals such as firms and households have a lot of consumer and production sovereignty. The government has little interference in a free market economy. A social market economy has limited consumer and production sovereignty for individuals compared to a free market and is heavily regulated by the government. One example is levying higher taxes on businesses and high income earhealth careovide universal healthcare and education for everyone.
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[] - Anjaree - 03-18-2014, 06:39 PM
[] - Pricele$$ - 03-18-2014 06:48 PM

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