China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.
what was chinas economic policies before the mongols arrived
True
there is no such thing as political economic systems, there are only economic political systems
Barbara Krug has written: 'Chinas Weg zur Marktwirtschaft' -- subject(s): Capitalism, Economic policy
why dp cultures develop economic systems
One way to define economic systems is to classify them according to whether they are market systems or command systems.
prevailing economic systems
No it is not.
Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.
Capitalists economic system
what three questions must all economic systems answer?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.