Among the following countries, where did the idea of 'Social Market Economy' emerge in 1950s?
- A. Germany ✓
- B. France
- C. United States of America
- D. United Kingdom
Correct Answer: A. Germany
Explanation
The concept of a 'Social Market Economy' (Soziale Marktwirtschaft) originated in West Germany in the late 1940s and 1950s, aiming to combine the efficiency of free-market capitalism with social equity policies.
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