(also social market )
■ noun an economic system based on a free market operated in conjunction with state provision for those unable to sell their labour, such as the elderly or unemployed.
(also social market )
■ noun an economic system based on a free market operated in conjunction with state provision for those unable to sell their labour, such as the elderly or unemployed.
Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004