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The Chinese economy is a mixed economy that is referred to officially as "Socialism with Chinese Characteristics". This system mixes leninist planned economics (all land is owned by the state and is leased to companies and private individuals by the government; State-Owned Enterprises - many partially privatized - take a major role in heavy industry and crucial infrastructure) with a market based system (especially in light manufacturing and service industries, as well as agriculture).
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How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
Which group did the economic reforms in china benefit most?
China's economic reforms greatly increased the economic role of the banking system.
Economic system of east Asia?
The Primary economic system of east Asia is Democracy because they have this in most of the countries that dwell there. But in China they have a dictatorship economic system. REPLY: Democracy isn't an economic system its a type of government and when you said China has a dictatorship economic system, i think you mean they have a command economy.
What country has a communistic economic system?
China
What three broad categories do economist use to classify all economic systems?
Economic system is some sort of arrangements regarding the production of goods and services to satisfy human wants and needs.Economist deals with three questions to classify all economic system,which are:*What to produce?*How to produce?*For whom to produce?By answering these three questions economists make any economic decision.
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
Which group did the economic reforms in china benefit most?
China's economic reforms greatly increased the economic role of the banking system.
Economic system of east Asia?
The Primary economic system of east Asia is Democracy because they have this in most of the countries that dwell there. But in China they have a dictatorship economic system. REPLY: Democracy isn't an economic system its a type of government and when you said China has a dictatorship economic system, i think you mean they have a command economy.
What country has a communistic economic system?
China
What describes China's economic system?
mixed/command
What three broad categories do economist use to classify all economic systems?
Economic system is some sort of arrangements regarding the production of goods and services to satisfy human wants and needs.Economist deals with three questions to classify all economic system,which are:*What to produce?*How to produce?*For whom to produce?By answering these three questions economists make any economic decision.
How is Taiwan different from china?
The political system in the Republic of China (Taiwan)is Western democratic system while in China it is a communist system.The economic system in Taiwan is a free market capitalized system while in China it is socialist centralized economic system.Taiwan is not represented in the UN or in the international organizations as a member because it is belonging to the main land China.
What countries have a market economic system?
It is not in china but in Russia. Kawkid
What BEST describes china's economic system?
mixed/command
Economic system China?
China was formerly state capitalist, but is now a mix of state and private capitalism.
What other country uses the same economic system as South Africa?
china
Is China a contemporary example of an economic system in transition?
IF true or false it is true
