Social market economy and Wirtschaftswunder

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Social market economy and Wirtschaftswunder

Social market economy vs. Wirtschaftswunder

The social market economy (SOME; soziale Marktwirtschaft), also called Rhine capitalism, is a socioeconomic model combining a free market capitalist economic system alongside social policies which establish both fair competition within the market and a welfare state. The term Wirtschaftswunder ("economic miracle"), also known as The Miracle on the Rhine, describes the rapid reconstruction and development of the economies of West Germany and Austria after World War II (adopting an Ordoliberalism-based social market economy).

Similarities between Social market economy and Wirtschaftswunder

Social market economy and Wirtschaftswunder have 7 things in common (in Unionpedia): Economic growth, Konrad Adenauer, Ludwig Erhard, Ordoliberalism, United Kingdom, West Germany, World War II.

Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Konrad Adenauer

Konrad Hermann Joseph Adenauer (5 January 1876 – 19 April 1967) was a German statesman who served as the first Chancellor of the Federal Republic of Germany (West Germany) from 1949 to 1963.

Konrad Adenauer and Social market economy · Konrad Adenauer and Wirtschaftswunder · See more »

Ludwig Erhard

Ludwig Wilhelm Erhard (4 February 1897 – 5 May 1977) was a German politician affiliated with the CDU and the second Chancellor of the Federal Republic of Germany (West Germany) from 1963 until 1966.

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Ordoliberalism

Ordoliberalism is the German variant of social liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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West Germany

West Germany is the common English name for the Federal Republic of Germany (FRG; Bundesrepublik Deutschland, BRD) in the period between its creation on 23 May 1949 and German reunification on 3 October 1990.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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The list above answers the following questions

What Social market economy and Wirtschaftswunder have in common
What are the similarities between Social market economy and Wirtschaftswunder

Social market economy and Wirtschaftswunder Comparison

Social market economy has 98 relations, while Wirtschaftswunder has 55. As they have in common 7, the Jaccard index is 4.58% = 7 / (98 + 55).

References

This article shows the relationship between Social market economy and Wirtschaftswunder. To access each article from which the information was extracted, please visit:

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