The Socialdemocratic Party is a political party that typically advocates for social justice, economic equality, and democratic governance. It aims to balance individual freedoms with social welfare, promoting policies that support workers' rights, public services, and progressive taxation. The party often seeks to address issues like poverty, education, and healthcare through government intervention and regulation. Founded in the late 19th century, the Socialdemocratic Party has played a significant role in shaping modern welfare states in various countries, particularly in Scandinavia. It is associated with the broader social democracy movement, which emphasizes a mixed economy and democratic political processes to achieve social goals.