B2 noun ˈmɑːr.kɪt ɪˈkɒn.ə.mi
market economy
рыночная экономика
Meaning
An economic system where production and pricing decisions are controlled by individuals and based on supply and demand.
Example
A market economy allows businesses to compete freely.
Рыночная экономика позволяет компаниям свободно конкурировать.