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social democracy

 
 
noun POLITICS, GOVERNMENT

Definition

› [U] a political system that is based on socialism and democracy: There are expectations that Germany will move from its post-war social democracy towards aggressive Anglo-American style capitalism.
› [C] a country with a government that is based on social democracy: Sweden is the very model of a modern social democracy.
(Definition of social democracy noun from the Cambridge Business English Dictionary © Cambridge University Press)

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