What is the notion of 'third way'

The Third Way is a political position akin to centrism that attempts to reconcile right-wing and left-wing politics by advocating a varying synthesis of centre-right economic platforms with some centre-left social policies.

Explanation:

the buddha identified ways to end suffering and attain minerva, which is the ultimate goal of buddhism. for this purpose, he came up with the concept of the four noble truths, which were crucial to ending suffering. the last of these truths stressed following the eightfold path , which is a series of steps that allow you to live life in a proper manner. these steps would make sure that you would follow the or live life in moderation.

the eightfold path has 8 practices which are:

i think economic depression and disrupted trade and commerce