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
Read more at:
https://www.deutschland.de/en/topic/business/social-market-economy-in-germany-growth-and-prosperity
Read more at:
https://www.deutschland.de/en/topic/business/social-market-economy-in-germany-growth-and-prosperity
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