social market
noun[C]
ukusECONOMICS
aneconomicsystemwhichcombinesafreemarket(=marketbasedonsupplyanddemand)with somegovernmentcontrolandfinancialhelpforpeoplewho areill,unemployed, etc.:
Everyone,perhapsexcludingtheAmericans,followssomevarianton thesocialmarket.
Although the Federal Republic'sfounderssoughtasocialmarketeconomy, they neverenvisionedgovernment'sshareofGDPcrossingthe 50%line.