市场经济

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Character Breakdown

Understanding 市场经济 (Market Economy)

The term 市场经济 refers to an economic system where supply and demand determine prices and production. It contrasts with planned economies where the government controls these factors.

Usage in Context

This term is often used in discussions about economic reforms, globalization, and development strategies. For example, when talking about China's economic changes since the late 20th century, 市场经济 is a key concept.

Common Collocations

  • 市场经济体制 (market economy system): refers to the institutional framework of a market economy.
  • 市场经济改革 (market economy reform): changes aimed at introducing or improving market mechanisms.
  • 市场经济条件 (market economy conditions): the environment or prerequisites for a market economy to function.

Nuances and Tips

Using 市场经济 implies a focus on economic mechanisms driven by market forces rather than government planning. It is a formal term often found in news, academic, and policy contexts rather than casual conversation.

Avoid confusing 市场经济 with 计划经济 (planned economy), which is its opposite. When discussing economic systems, specifying the type helps clarify the context.

Example Sentences

China gradually established a market economy system after the reform and

Market economy emphasizes competition and efficiency, promoting the rational

In a market economy, prices are determined by supply and demand.