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1. Free trade policy
-Laissez-faire policy
Laissez-faire policy promotes free trae and free market.WEveryone in Hong Kong can start its business excep t for some industries such as the provision of public transport.Goods and services can be exchanged freely in the market.
-"Big market,small government"
Hong Kong government believes in the principle of"Market leads and governent facilities" and acts as a proactive enabler.It is active in the role of facilitating the functioning of the market and enabling the market to allocate resources efficiently.
-role of governemnent
The Hong Kong government plays role such as maintaing fiscal prudence and low and simple tax system,open and fair competition in the market,providing infrastructures such as airport and transport facilities,maintain laws and order,provide training and education opportunities to Hong Kong people to improve their productivity and competivity.
2. Externally-oriented,free market
-No trade barriers
Hong Kong governemnt doesn't impose any trade barriers such as tariffs or quotas.There's no foreign exchange control,as well as capital inflow and outflow control.Talents from Mainland and other countries are attracted to live and work in Hong Kong
- Free flow of information
Hong Kong's media enjoys a high degree of freedom.Business can quickly obtain changes in economic environment and make timely business decisions,this makes Hong Kong become and remain a global city for communication,trade,financial and business.
3.Legal legistry
After the handover in 1997, Hong Kong still uphold the rule of law and judicine independent.It doesn't follow the law used in Mainalnd but is based on common laws. The basic law aims at ensuring the stabilitya nd prosperity of Hong Kong.Business contracts are protected and enforced by the law,this enhances confidence of busnessmen and investors in Hong Kong.
4. Private property right
Private property right refers to the exclusive right to use,earn income from and transfer the property.This gives incentives to private property owner to make theh best use of their property an dearn the highest income.Property can be sold and bought freely in Hong Kong.Private property is respected and protetcte dby law,te respectation and proectiuon to the private property right facilities Hong Kong's business activities and economic development.
5. Productive manpower
hong Kong has a hardworking and skilled labour force who can adopt to changes.Labour relations between employees and employers are quite good. There're rare disputes between them. Businessmen are willing to take risks and explore new markets and introduce new products, they are very responsive to the market too.
What else can I help you with?
What is considered a social or economic arrangements is described as being the capitalist's dream?
A monopoly is considered a capitalist's dream.
Which type of economy is most likely being described in the above box?
I'm sorry, but I don't have access to the box you are referring to. If you provide details or characteristics of the economy described, I can help identify which type it might be.
What is economic want?
A economic want is what is desired being related to politics trading systems or money system as well. For example 'An economic want of America is to have lower gas prices.'
What is the name of the US economic system?
The prevailing US economic system is CAPITALISM, but there are a number of elements of corporatism, socialism, and traditional economics in the US economy, leading to it being properly termed as a "mixed economy".
What is the economic system in which the means production and distribution are privately owned and operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
What type of government system is being described?
democratic
Who are the deities and lesser spirits described in the god myths and what are their common characteristics?
s in supreme being myths
What is considered a social or economic arrangements is described as being the capitalist's dream?
A monopoly is considered a capitalist's dream.
Which country do you think the speaker is describing?
To determine the country being described, I would need more specific information or context about the characteristics or features being discussed.
Explain in one or two complete sentences what anthropomorphize means?
Where an object or animal is described as having human characteristics e.g. being able to talk
What is economic want?
A economic want is what is desired being related to politics trading systems or money system as well. For example 'An economic want of America is to have lower gas prices.'
Characteristics of a welfare state include what?
A welfare state is a government that takes on the role of caring for their people. Characteristics of a welfare state include being socialistic, controlling economic activities, and providing for its citizens.
What is pre industrial families?
relating to, or being a society or an economic system that is not or has not yet become industrialized.
What is the name of the US economic system?
The prevailing US economic system is CAPITALISM, but there are a number of elements of corporatism, socialism, and traditional economics in the US economy, leading to it being properly termed as a "mixed economy".
What does it mean by you are a little as a metephor?
When someone refers to you as "a little" in a metaphorical sense, they are suggesting that you possess certain qualities or characteristics that align with the concept being described. It implies that you exhibit only a modest amount of the quality that is being referenced.
What temp should thermostat be set on to be most economic?
It would help if you asked a question or described symptoms instead of being so vague that changing the tire might be the correct answer.
Why was it decided to bring apartheid to an end in 1990?
The Apartheid system was seen as an unjust system and economic decline was beginning due to sanctions being placed on the country.
