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An economic system characterized by inefficiency, waste, or poor resource allocation, leading to suboptimal outcomes.
정부가 불경제 시스템을 개혁하겠다고 발표했다.
The government announced plans to reform the inefficient economic system.
이 기업은 불경제 시스템으로 인해 경쟁력을 잃고 있다.
This company is losing competitiveness due to its inefficient system.
Commonly used in discussions about economic inefficiency, poor governance, or flawed market mechanisms.
Use '불경제 시스템' when discussing systemic inefficiencies in economic structures, such as excessive bureaucracy, corruption, or poor policy design. Avoid using it for individual cases of inefficiency.
This term refers to structural or systemic issues, not individual mistakes or temporary problems. For example, '이 회사는 불경제 시스템 때문에 망했다' (This company failed due to its inefficient system) implies the failure was due to deep-rooted flaws, not a single error.
불(不, 'not') + 경제(經濟, 'economy') + 시스템(system, from English). The term combines the Korean prefix '불-' (indicating negation) with '경제 시스템' (economic system), emphasizing the negative aspect of inefficiency.
This phrase is typically used in formal or technical contexts, such as economic reports, policy discussions, or business analyses. It is not commonly used in casual conversation.