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social democracy

/ˌsəʊʃl dɪˈmɒkrəsi/

noun
- 1. a socialist system of government achieved by democratic means: "there was a growth of social democracy through an extension of the rights of citizens"
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Social democracy
Political ideology
U.S.
Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy and a gradualist, reformist and democratic approach towards achieving socialism. In modern practice, social democracy has taken the form of predominantly capitalist economies, with the state regulating the economy in the form of welfare capitalism, economic interventioni... Wikipedia
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