Germany: Social market economy in Germany: growth and prosperity

The goal of the market economy is the greatest possible prosperity with the best possible social protection. It is about benefiting from the advantages of a free market economy, which include free choice of workplace, pricing freedom, competition and a wide range of affordable goods, while at the same time absorbing its disadvantages, such as monopolization, price fixing, and existence-threatening unemployment. This is why the state to a certain extent regulates the market and protects its citizens against illness and unemployment through a network of social insurance

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