What is Ludwig Erhard known for within the 21st century economic policy?
His concept of the social market economy
his tax reform
his industry nationalization ideas
his deregulation policies
Answer
Ludwig Erhard is known for his concept of the social market economy. The social market economy is a type of market economy that seeks to combine the efficiency of the free market with the social benefits of a welfare state.
Mastering the Legacy: The Phenomenal Ludwig Erhard
More Questions
In which month and year did Ludwig Erhard begin his tenure as Chancellor?
Did Ludwig Erhard win a Nobel Prize in his career?
What significant economic event happened in Germany during Erhard's time as Minister of Economic Affairs?
On which day of May did Ludwig Erhard pass away?
Where was Ludwig Erhard born?
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox