Social Democracy
Social democracy is a government system that has similar values to socialism, but within a capitalist framework. It is defined as a policy regime that supports economic and social interventions to advance social justice inside the framework of a liberal-democratic polity and a mixed economy that is capitalist-oriented.
Countries with Social Democracy: Denmark, Finland, Iceland, Norway, and Sweden
Origin of Social Democracy: Maximilien Robespierre is known as the founding father of social democracy.
Nordic Model of Social Democracy: The Nordic model refers to the standards followed in Sweden, Norway, Finland, Denmark, and Iceland. These nations are known for high living standards and low-income ....
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