Catalogue question 50 · Question catalogue in force since 2024-07-01
Germany's economic system is called …
- a free central economy.
- a social market economy. Correct
- a directed central economy.
- a planned economy.
Why — for every option
- A — A "free central economy" is a contradictory term and not a designation of the German economic system.
- B — Correct: the social market economy combines free competition with social balance (social insurance, worker protection) — Germany's economic model since 1948/49.
- C — A centrally directed economy contradicts Germany's market-based economic order.
- D — A planned economy, as existed in East Germany, is the opposite of West Germany's social market economy.
Source: www.bpb.de
Last checked: · Question catalogue in force since 2024-07-01 · Every figure on this page is checked against its primary source.