市场经济

shìchǎngjīngjì

HSK 7

市场经济 — shìchǎngjīngjì

1. market economy (an economic system in which production and prices are determined by unrestricted competition between privately owned businesses)

   改革开放后，中国逐步转向市场经济。 gǎigékāifàng hòu zhōngguó zhúbù zhuǎnxiàng shìchǎngjīngjì — After the reform and opening up, China gradually moved toward a market economy.