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China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
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Continue Learning about General History
Which pyramid is the great sphinx in front of?
chinas mom
What is Chinas climate like?
depends which part you want to know about...
Who studies the grat wall of china and who are they called?
Chinas del ow
What is the belief that the colonies exist to benefit the economy known as?
mercantilism
What is china's environment like?
chinas enivroment is like peoples believs, chinese culture, and what they eat and how they get the food
Related Questions
Is chinas economy good?
No it is not.
Who attempted to modernize chinas economy?
Mao Zedong
Chinas fastest growing economy is facing a major challenge of?
Challenges Of WTO regime
What is the US economy like?
The United States economy is the largest national economy in the world. It is the 11th largest.
What was Richard Nixon the first president to do?
Use communist Chinas official name in public
Chinas capital city?
Beijing
What are Chinas conflicts?
Disputes in the ROC.
What is Chinas biggest state?
Xinjiang
What is chinas key religion?
Confucianism.
What is Chinas continent?
Asia
What percentage of the world is Chinas population?
19.33%
What are Chinas landmarks?
Great wall of china
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