市场经济 (shì chǎng jīng jì): เศรษฐกิจตลาด

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.