Differences between the social and the free market economy: Existence of social security systems - Examples would be maternity protection, unemployment insurance, child benefits, protection against being fired, or pension insurance., a means of control - through economic policy measures, i.e. the regulation of taxes and government spending, limited freedom of consumption, contract and trade - for example you are not allowed to produce weapons, form cartels or own/sell drugs, Similarities between the social market economy and the free market economy: Free choice of profession and job - you have the right to decide for yourself whether you want to be a doctor or an engineer, Copyright protection - you can protect new innovative inventions through patents, for example., Private ownership of the means of production, Free pricing according to the system of supply and demand,

Differences and Similarities between the social and the free market economy

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