Vocab Bloom Hub

market economy

/ˈmɑːrkɪt ɪˈkɒnəmi/

1 entry

Word connections

phrase

/ˈmɑːrkɪt ɪˈkɒnəmi/B2formalbusiness
  • ruЭкономическая система, в которой решения об инвестициях, производстве и распределении регулируются ценовыми сигналами, создаваемыми силами спроса и предложения, при минимальном вмешательстве государства.

An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand, with minimal government intervention.

  1. B2formal

    An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with little or no government control.

    ruЭкономическая система

    • In a market economy, prices are determined by competition.
    • The country transitioned from a planned economy to a market economy.
    • Market economies rely on the forces of supply and demand.
Vocab Bloom Hub English dataset · 0.3.1

Inherited terms

Vocabulary data from the Vocab Bloom Hub English dataset (CC BY 4.0), https://huggingface.co/datasets/Fristail27/vocab-bloom-hub-en

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