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What type of economic system does germany have today?
01-22-2013, 10:51 AM
Post: #1
L Offline
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What type of economic system does germany have today?
if it is something other than mixed, traditional, free market, or command... can you please explain it?
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01-22-2013, 10:59 AM
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Kipepeo Offline
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It is called social market economy: based on capitalism, but with elements of socialism, mainly to protect employers and consumers.
Look at this link:
http://en.wikipedia.org/wiki/Social_market_economy
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