what is the name given to the german parliament
Bundestag The Bundestag (German pronunciation: [ˈbʊndəstaːk], "Federal Diet") is the German federal parliament. It can be compared to the lower house of parliament along the lines of the United States House of Representatives, the Irish Dáil Éireann or the House of Commons of the United Kingdom, with the Bundesrat, though a separate institution, having a similar role to the upper house of a bicameral parliament.
Economic history of Germany The Germans proudly label their economy a "soziale Marktwirtschaft," or "social market economy," to show that the system as it has developed after World War II has both a material and a social—or human—dimension. They stress the importance of the term "market" because after the Nazi experience they wanted an economy free of state intervention and domination. The only state role in the new West German economy was to protect the competitive environment from monopolistic or oligopolistic tendencies—including its own. The term "social" is stressed because West Germans wanted an economy that would not only help the wealthy but also care for the workers and others who might not prove able to cope with the strenuous competitive demands of a market economy. The term "social" was chosen rather than "socialist" to distinguish their system from those in which the state claimed the right to direct the economy or to intervene in it.