What economic concept did Erhard promote heavily during his time in office?
Social Market Economy
Regulated Capitalism
Participatory economics
Traditional economy
Answer
Ludwig Erhard was a German economist and politician. He was the first Chancellor of the Federal Republic of Germany from 1949 to 1963. During his time in office, he promoted heavily the concept of Social Market Economy, which is a market economy based on the principles of social justice.
Mastering the Legacy: The Phenomenal Ludwig Erhard
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