market economy
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesnoun
market economy
formalAn economic system characterized by the dominance of market forces in allocating resources, setting prices, and determining production. Often contrasted with planned or command economies.
Zhōng中
guó国
shí实
xíng行
shè社
huì会
zhǔ主
yì义
shì市
chǎng场
jīng经
jì济
。
China practices a socialist market economy.
Shì市
chǎng场
jīng经
jì济
tōng通
guò过
gōng供
qiú求
guān关
xì系
zì自
dòng动
tiáo调
jié节
jià价
gé格
。
A market economy automatically regulates prices through supply and demand.
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Cóng从
jì计
huà划
jīng经
jì济
xiàng向
shì市
chǎng场
jīng经
jì济
zhuǎn转
xíng型
shì是
yī一
gè个
fù复
zá杂
de的
guò过
chéng程
。
Transitioning from a planned economy to a market economy is a complex process.
Shì市
chǎng场
jīng经
jì济
gǔ鼓
lì励
jìng竞
zhēng争
hé和
chuàng创
xīn新
。
A market economy encourages competition and innovation.