Definition of Mittelstand in English:

Mittelstand

noun

  • The medium-sized companies in a country, viewed as an economic unit.

    ‘there is a growing political consensus on the need to improve the flow of finance to the Mittelstand’
    • ‘Their counterparts on the continent were perceived more clearly as a small business group, identified by the German term Mittelstand or the French classe moyenne.’
    • ‘National Socialism is a social movement of the old and new Mittelstand (white-collar workers and public employees) and of the peasantry.’
    • ‘All of them are in competition over who can best represent the interests of big business, cuddle up to the Mittelstand (medium-sized businesses), introduce low-wage jobs and reduce employees' rights.’
    • ‘The macroeconomic and political case for a diverse farm industry with multiple small and medium-sized businesses, like the famous Mittelstand manufacturing economy in Germany, is stability.’
    • ‘The coalition document also calls for support for the Mittelstand (medium-sized business), but without providing any exact figures.’
    • ‘It has maintained its Mittelstand of medium-sized firms, despite the fear that the euro, over-regulation and high labour costs would kill it off.’
    • ‘It's also a major lender to the Mittelstand, which make up the backbone of the German economy.’
    • ‘Yes, they have a small stock market, takeovers are very difficult and most capital is provided by the banks, especially to the Mittelstand companies that are the engine room of their economy.’
    • ‘Germany used to be a country which was characterized in many respects by a Mittelstand, which included a lot of machine-tool and similar kinds of firms - 5 to 200 people.’
    • ‘In the case of Mittelstand firms, such decisions are normally made by the company president/chairperson.’
    • ‘Detractors say the law, a pre-election gift to labor unions, boosts bureaucracy and costs, especially for the hard-pressed Mittelstand.’
    • ‘This is the high-tech Mittelstand, in Germany, which is very essential to the success of Germany, as an economy which is allowed to be successful.’

Origin

German, literally middle group.

Pronunciation:

Mittelstand

/German ˈmɪtlʃtant//ˈmɪt(ə)lstand/