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A.) Traditional economy. :3
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A.) Traditional economy. :3
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Traditional.
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China has always had its very own economy, since its existence. However, China began its economic reform in the year of 1978.
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As the nation's economic system developed, the economy experienced both ups and downs. This means that as the economy was developing, there were economic booms where the economy was considered 'good' but also falls (or depressions) where times are considered 'bad.' These ups and downs are sometimes, but not always, cyclical when they appear, meaning that a depression will be followed by a length of time when the strength of the economy grows again.
An economic profile is a basic overview of the economy in a certain state, country, or city. An economic profile should always include the expenditure or consumption of money in that area.