Question

Q) Short Descriptions: In two to three coherent sentences, explain and/or define each of the following concepts. (a) Popular capitalism (b) Mitbestimmung (c) Ordnungspolitik

Answer 1

1.the theory or system that is based on the idea that everyone in a society should have the opportunity to own property and shares in companies

2.Codetermination in Germany is a concept that involves the right of workers to participate in management of the companies they work for.^[1] Known as Mitbestimmung, the modern law on codetermination is found principally in the Mitbestimmungsgesetz of 1976. The law allows workers to elect representatives (usually trade union representatives) for almost half of the supervisory board of directors. The legislation is separate from the main German company law Act for public companies, the Aktiengesetz. It applies to public and private companies, so long as there are over 2,000 employees. For companies with 500–2,000 employees, one third of the supervisory board must be elected.

3.Ordnungspolitik umfasst die Vorschriften, Institutionen und Handlungen, die es ermöglichen, die Wirtschaft nach den Prinzipien von Markt und Wettbewerb zu organisieren. Dabei kommt es vor allem darauf an, den Wettbewerb sicherzustellen und die Freiräume der Einzelnen für ihre wirtschaftliche Betätigung zu gewährleisten.^[