{"id":86394,"date":"2025-06-01T03:46:04","date_gmt":"2025-06-01T03:46:04","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=86394"},"modified":"2025-06-01T03:46:04","modified_gmt":"2025-06-01T03:46:04","slug":"among-the-following-countries-where-did-the-idea-of-social-market-ec","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/among-the-following-countries-where-did-the-idea-of-social-market-ec\/","title":{"rendered":"Among the following countries, where did the idea of ‘Social Market Ec"},"content":{"rendered":"

Among the following countries, where did the idea of ‘Social Market Economy’ emerge in 1950s ?<\/p>\n

[amp_mcq option1=”Germany” option2=”France” option3=”United States of America” option4=”United Kingdom” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-2 – 2022<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe correct answer is A) Germany.
\n<\/section>\n
\nThe concept of the ‘Social Market Economy’ (Soziale Marktwirtschaft) emerged in post-World War II West Germany. It was developed primarily by economists of the Freiburg School and politicians like Ludwig Erhard, who served as Minister of Economics and later Chancellor. The model aimed to combine a competitive market economy with a social safety net and state intervention to achieve social balance.
\n<\/section>\n
\nThe Social Market Economy is characterized by principles such as free markets, private ownership, competition, along with elements of social justice, including social security, workers’ rights, and redistribution policies. It was seen as an alternative to both pure capitalism and planned economies, contributing significantly to West Germany’s rapid economic recovery, known as the “Wirtschaftswunder” (economic miracle).
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Among the following countries, where did the idea of ‘Social Market Economy’ emerge in 1950s ? [amp_mcq option1=”Germany” option2=”France” option3=”United States of America” option4=”United Kingdom” correct=”option1″] This question was previously asked in UPSC CDS-2 – 2022 Download PDFAttempt Online The correct answer is A) Germany. The concept of the ‘Social Market Economy’ (Soziale Marktwirtschaft) emerged … <\/p>\n

Detailed SolutionAmong the following countries, where did the idea of ‘Social Market Ec<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088],"tags":[1108,1167],"class_list":["post-86394","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-2","tag-1108","tag-world-history","no-featured-image-padding"],"yoast_head":"\nAmong the following countries, where did the idea of 'Social Market Ec<\/title>\n<meta name=\"description\" content=\"The correct answer is A) Germany. The concept of the 'Social Market Economy' (Soziale Marktwirtschaft) emerged in post-World War II West Germany. It was developed primarily by economists of the Freiburg School and politicians like Ludwig Erhard, who served as Minister of Economics and later Chancellor. 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