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Social democracy
Meaning
Noun
●
In Socialism:
A
moderate
political
philosophy
or
ideology
that
aims
to
achieve
socialist
(socialistic)
goals
within a
democratic
society
and a
liberal democracy
such as
by means of
a strong
welfare state
and
regulation
of
private
industry.
●
A
society
based on this ideology.
Sourced from
Wiktionary
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