answersLogoWhite

0


Best Answer

IF true or false it is true

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is China a contemporary example of an economic system in transition?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What is an example of the economic system?

An example of an economic system is Ray William Johnson


What kind of economic system does Macedonia have?

Macedonia has a transition or transitional economy!


What is economic transition?

Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.


What is the current economic system of Montenegro?

They are currently in transition from federally state ran economy to a market economy.


What is a transition economy?

A transition economy or transitional economy is an economy which is undergoing structural changes, changing from one type of economic system to another type.Transition economies usually refer to economies undergoing a transition from a centrally planned economy to a market economy. These type of economies undergo economic liberalization (introducing market forces for prices), economic restructuring, privatization of state enterprises, and the creation of a financial sector (which takes the role of the dismantled planning system).A transition economy may also refer to a long term process of building socialism, in which a capitalist economy undergoes rapid development with the eventual goal of establishing a socialist economic system. Today countries such as Cuba and Vietnam are still officially undergoing transition from rural economies or mixed economies to socialism (in Vietnam the system is officially called "socialist-oriented market economy").

Related questions

What is an example of the economic system?

An example of an economic system is Ray William Johnson


What kind of economic system does Macedonia have?

Macedonia has a transition or transitional economy!


What is economic transition?

Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.


What is the current economic system of Montenegro?

They are currently in transition from federally state ran economy to a market economy.


What is a example of a mixed economic system?

your mom does.


What is a transition economy?

A transition economy or transitional economy is an economy which is undergoing structural changes, changing from one type of economic system to another type.Transition economies usually refer to economies undergoing a transition from a centrally planned economy to a market economy. These type of economies undergo economic liberalization (introducing market forces for prices), economic restructuring, privatization of state enterprises, and the creation of a financial sector (which takes the role of the dismantled planning system).A transition economy may also refer to a long term process of building socialism, in which a capitalist economy undergoes rapid development with the eventual goal of establishing a socialist economic system. Today countries such as Cuba and Vietnam are still officially undergoing transition from rural economies or mixed economies to socialism (in Vietnam the system is officially called "socialist-oriented market economy").


Which country is the best example of a capitalistic economic system?

Vietnam


Private enterprise system?

Contemporary Business, 2009 Update by Boone & Kurtz, defines the private enterprise system as "an economic system that rewards firms for their ability to perceive and serve the needs and demands of consumers".


What is an example of contemporary use of the real number system in business?

An example of contemporary use of real number system in business is a mathematician which his/her job is to come up with the next numbers in the number line which still doesn't have an end. So mathematician will use a number line everyday that they work.


Can you give me an example of an economic system?

i had been played from 2000 to 2005


What are the different economic system?

traditional economic system command economic system market economic system


What are the three different economic system?

traditional economic system command economic system market economic system