Category: EconomyPart of speech: nounDifficulty: IntermediateRecommended for ★ UPSC
經濟
/jīngjì/Roman
English meaning: Economy
Definition
The system of production and consumption of goods and services. Taiwan achieved one of the most rapid economic transformations in history (the 'Taiwan Miracle'), evolving from an agrarian economy to a high-tech powerhouse in just decades. It is one of the Four Asian Tigers alongside South Korea, Singapore, and Hong Kong.
Example
“臺灣是亞洲四小龍之一，以高科技出口著稱。”
In English: “Taiwan is one of the Four Asian Tigers, known for high-tech exports.”
Literary Heritage
“不患寡而患不均，不患貧而患不安。”
/Bù huàn guǎ ér huàn bù jūn, bù huàn pín ér huàn bù ān./
“Do not worry about having too little; worry about inequality. Do not worry about poverty; worry about instability.”
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Language information
- Language
- 繁體中文
- Chinese (Trad.)
- Script
- Han
- Family
- Sino-Tibetan
- Speakers
- 30M