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Which of the following concepts refers to a political and economic system that combines a mostly market-based economy with extensive social welfare programs? capitalism. socialism. welfare capitalism. communism.

User Bampfer
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The specific economical concept that has a combination of a market-based economy and extensive social welfare program is a welfare capitalism. To add up, in a micro-scale, an excellent example would be when an employer provides sufficient welfare programs for its employees.
User Ponjoh
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