Communism is a classless stateless society based on production for use. China is a mix of state and private capitalism.
China
No, They are a strong US ally and follow a strict free market policy
there isn't
nason
Market Economy A market economy is a system in which decisions on production and consumption of goods and services are based entirely on exchange, or trade; The answer to this is Mixed Economy.A mixed economy is a system that combines the free market with some government intervention.
free market -Rae
Strong socialism/Communism
Strong socialism/Communism
Free-market
free market
Capitalism is a free-market system with little or no government regulation. Communism is a system where the market and means of production are owned by the government. Socialism allows some regulation of the economy and is also the transition from capitalism to all out communism.
The United States is the ONLY country using the Free- Market Economy.
After the fall of the communism , Slovak leaders set out to privatize businesses