市场经济 (shì chǎng jīng jì): market economy

Meaning & Stroke Order

HSK 7jīngjì

Word info

Pinyin
Meaning: market economy
Characters: 4
Part of speech: jīngjì
HSK level: HSK 7

Full definitions

market economy

Chinese explanation

一种经济制度，在这种制度下，商品和服务的生产、分配和价格主要由市场供求关系决定，而不是由政府计划控制。企业和个人可以自由参与竞争和交易，价格随供需变化而波动。与计划经济相对。

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Character breakdown

HSK 3

market

HSK 4

large place used for a specific purpose

HSK 7

classics

Meaning unavailable yet.

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Example sentences

Since the reform and opening up, China has gradually shifted from a planned economy to a market economy; ordinary people can buy and sell freely, and life has become more and more convenient.

In this country, the market economy makes enterprises compete with one another, and commodity prices are determined by supply and demand rather than being uniformly set by the government.

In university he majored in economics, focusing on how the market economy affects resource allocation and income distribution.

Many economists believe that a sound market economy requires laws to ensure fair competition; otherwise, large companies can easily monopolize the market.

After Vietnam implemented market economy reforms, foreign investment increased, and many rural people went to cities to find work in factories.

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