social democracy
(so-cial-de-moc-ra-cy)
5 syllables
Definition
noun. A political, social, and economic ideology that supports economic and social interventions to promote social justice within the framework of a liberal democratic polity and a capitalist-oriented mixed economy.
Example Sentence
Social democracy aims to balance the benefits of a market economy with the need for social justice.
More Example Sentences
Many European countries have adopted social democracy to ensure a fair distribution of resources.
Synonyms
welfare state; mixed economy; democratic socialism
Antonyms
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social democracy
