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i cant tell you because wiki answers doent give you a strait real answer
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoyes china is a democratic country....
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China's economy is best described as?
Socialist
Does china have a mixed economy?
Yes, in the sense of a mix of state and private capitalism.
Examples of socialist economy?
An example of a socialist economy is one in which the government has control over products being produced. China is one example of a socialist economy. Some other examples are Finland, Canada, Sweden, Norway, and the Netherlands.
What countries today are socialist?
Socialism as an economic system is not widely used anymore. The USSR was the leading socialist government till its collapse in 1991, and China has socialist elements to it's economy, but the only countries with true socialist economies in place today are Cuba and North Korea.
What is the China's economic system?
China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.
What is China's economic systems?
China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
Communist countries in Asia?
There are no Socialist countries in Asia, nor could there be. Socialism is a classless stateless society based on production for use, and would have to exist on a global scale, with no countries or borders.
Compare capitalist economy with socialist economy?
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
Why does socialism work for China?
In today's China, the old form of socialism, meaning total ownership of the means of production, has slowly been eroded. The Chinese Communist Party still controls the politics and economy of China, however, parts of China's economy have been changed to a more mixed economy. I emphasize "parts". One example of a non socialist China is the stock exchange in Shanghai.
Does Portugal have a socialist economy?
No. Portugal economy is corporativistic
What economy does Portugal have?
socialist
