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flexicurity

/ˌflɛksɪˈkjʊərɪtɪ/
noun (pl) -ties
1.
a welfare-state model, originating in Denmark in the 1990s, that combines labour-market flexibility, social security, and a proactive labour market
Word Origin
C21: from flexi(ble) + (se)curity
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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