What does caring economy mean?

caring economy meaning in Law Dictionary

n economy based on amicable and helpful relationships between organizations and people.

caring economy meaning in Business Dictionary

An economic system for which real taking care of individuals and nature is the top priority. Caring economies are found in Nordic nations like Finland, Norway and Sweden, in which their particular policies combine the positive components of both capitalism and socialism. You can find government-supported childcare programs, large premium parental leave, financing for families looking after children or elders, universal healthcare, and devote large percentages of wealth to assist the poorer countries.