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What is meant by social market AND the Thrid Way in economics?
10-13-2012, 03:40 AM
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Gus Offline
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What is meant by social market AND the Thrid Way in economics?
I am suppose to describe these and find some pros and cons. Please, any help woule be apreciated.
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10-13-2012, 03:48 AM
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Darth Snape Offline
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Third way is a middle ground between socialism and communism, and it means that markets exist, but are heavily taxed or regulated.

http://en.wikipedia.org/wiki/Third_Way_(centrism)
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