The economic system in Germany is called …
Einbürgerungstest, question 50 German original
Die Wirtschaftsform in Deutschland nennt man …
- freie Zentralwirtschaft. the free central economy.
- soziale Marktwirtschaft. the social market economy.
- gelenkte Zentralwirtschaft. the directed central economy.
- Planwirtschaft. the planned economy.
Show the answer
Correct answer: soziale Marktwirtschaft. the social market economy.
Why?
Germany’s economic system is the social market economy. Companies compete freely and prices are set by supply and demand, while the state sets rules and provides social security. In a planned economy, as in the DDR (East Germany), the state runs the economy.
Key term: soziale Marktwirtschaft = social market economy