To develop a high-standard socialist market economy, we will energize all market entities, improve the layout and structure of the state-owned sector at a faster pace, and create a better development environment for private businesses.

构建高水平义市场经济体制，激发各类市场体活力，加快国有经济布局优化结构调整，优化民营经济发展环境。

And for all the talk at this congress of keeping socialism at the heart of the economy, the restructuring of inefficient state-owned industries will continue, though perhaps at a slower pace.

此次议仍将义作为经济制度核心，改组低效国有业工作将继续进行，尽管速度可能慢些。

We will continue to practice and improve the basic socialist economic system.

坚持完善义基本经济制度。

But of course, in practice, this hasn’t played out in the countries that have modelled their economies on socialism, like Cuba, North Korea, China, and the former USSR.

但当然，在实践中，那些以义为经济模型国家，比如古巴、朝鲜、中国前苏联，并没有按照预期发展。

He famously responded to von Mises' claims in a 1936 article on the economic theory of socialism using a development of general equilibrium theory.

他于1936年在一篇关于义经济理论文章中，运用一般均衡理论发展，对冯·米塞斯观点做出了著名回应。

Similarly, everything that happens in a market economy, or a socialist economy, or in a government agency, is not necessarily caused by those institutions.

同样，市场经济、义经济、政府机构中发生一切，也不一定是这些机构造成。

The Russian Revolution of 1917 provided an example of a socialist takeover of the economy, and the war's defeated powers—Germany, Austria, and Hungary—saw socialist parties take power.

1917年俄国革命为义接管经济提供了一个范例，而战败国——德国、奥地利匈牙利——则见证了义政党上台执政。

Building a high-standard socialist market economy We must uphold and improve China's basic socialist economic systems.

一、建设高水平义市场经济 必须坚持完善我国义基本经济制度。

The same principle applies to many other institutions, whether in a market economy, a socialist economy, a government agency or others.

同样原则也适用于许多其他机构，无论是市场经济、义经济、政府机构还是其他机构。

The German philosopher Karl Marx described socialist economic organization in his great work Capital in 1867. A socialist economy, he argued, required state ownership of the means of production, such as factories.

德国哲学家卡尔·马克思在其1867年巨著《资本论》中描述了义经济组织。他张，义经济要求生产资料如工厂等由国家所有。

While a socialist economy ensures more equal distribution of wealth, it lessens the effects of monopolies and market failure and stabilizes the economy, but it can hamper economic growth and development.

尽管义经济确保了财富更平等分配，减轻了垄断市场失灵影响， 并稳定了经济，但它也可能阻碍经济增长与发展。