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China's command economy has incorporated elements of free enterprise through the adoption of market-oriented reforms since the late 1970s. These include the establishment of Special Economic Zones (SEZs) that allow foreign investment and private entrepreneurship, increased autonomy for state-owned enterprises, and the introduction of market mechanisms in pricing and resource allocation. Additionally, the growth of a private sector has led to greater competition and consumer choice, contributing to China's significant economic expansion while still maintaining state control over key industries.
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Explain the four elements of private enterprise?
There are five primary elements of private enterprise. These include private property, freedom of choice, profits, competition, as well as functioning legal system.
What are the characterstics of a pure market economy?
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
What are the characteristics of command ecomy?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
What countries have a command economic system?
Some countries that have a command market economy include China, Saudi Arabia, and Syria. Venezuela and Laos also have command market economies.
What is the best example of command economy?
North Korea, Iran and Cuba
What are the major elements of free enterprise?
Some major elements of a free enterprise system include right of land and freedom of economic decisions
Explain the four elements of private enterprise?
There are five primary elements of private enterprise. These include private property, freedom of choice, profits, competition, as well as functioning legal system.
What country use command economy?
Some countries include : North Korea and Cuba.
What are the characteristic of command?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
What are the characterstics of a pure market economy?
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
What are the characteristics of command ecomy?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
What countries have a command economic system?
Some countries that have a command market economy include China, Saudi Arabia, and Syria. Venezuela and Laos also have command market economies.
Which elements are included in the transfer of command briefing?
Key elements in the transfer of command briefing typically include the current situation, mission objectives, critical tasks, available resources, key personnel, command and control arrangements, and any specific guidance from the outgoing commander.
What is the best example of command economy?
North Korea, Iran and Cuba
How are market economies similar to command economies?
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
What are the elements of the marketing environment?
The marketing environment has seven important elements to it. These elements include; social and cultural factors, political factors, the condition of the economy, media, logistics, competition and technology.
Explain elements of business environment?
A business environment are the internal and external factors that affect a business. Its elements include society, technology, regulations, economy and politics.
