die Marktwirtschaft
Translation
market economy
Examples
Deutschland hat eine soziale Marktwirtschaft.
Germany has a social market economy.
Angebot und Nachfrage regeln die Marktwirtschaft.
Supply and demand regulate the market economy.
Grammar Patterns
to live in a ((market economy)) In a free market economy, there is competition. In einer freien Marktwirtschaft gibt es Wettbewerb.
Similar Words
Synonyms: Kapitalismus (capitalism); Antonyms: Planwirtschaft (planned economy)
Etymology
Composed of 'Markt' (market) + 'Wirtschaft' (economy). An economic system driven by market forces.
Memory Tips
Think of it as an 'economy' ('Wirtschaft') that is governed by the 'market' ('Markt').