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Chinas economy is known as a what economy?

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


How is wealth divided in a communist country?

Wealth in a communist country is divided among its people according to their needs. In the 1875 work titled "A Critique of the Gotha Programme," Karl Marx described this as "From each according to his ability. To each according to his need." Most people erroneously believe that wealth in a communist society is distributed evenly to everyone. This is not so. NOTE: WILL SOMEONE PLEASE RE-CATEGORIZE THIS PROPERLY. IT SHOULD GO INTO "COMMUNISM", "KARL MARX" , AND MAYBE EVEN "LENIN" SINCE HE ADVOCATED THE COROLLARY "HE WHO DOES NOT WORK, SHALL NOT EAT." IT CERTAINLY DOES NOT BELONG IN "COLD WAR", OR "JOSEPH STALIN." ISN"T THERE A COMPETENT SUPERVISOR WATCHING THE "JOSEPH STALIN" CATEGORY."


Who is the narrator on the Wealth TV program The Roman Empire?

I believe it is George Guidall.


What two factors contribute to Egypt wealth during the New Kingdom?

The two factors that contributed to Egypt's wealth during the New Kingdom were conquest and trade.I believe two factores contributed to Egypts wealth during the New Kingdom were the conquest and trading.


What FACTOR CONTRIBUTED TO EGYPT'S WEALTH DURING THE NEW KINGDOM?

The two factors that contributed to Egypt's wealth during the New Kingdom were conquest and trade.I believe two factores contributed to Egypts wealth during the New Kingdom were the conquest and trading.

Related Questions

What is uneven prosperity?

Uneven prosperity often refers to a society where wealth is not evenly distributed.


What is cmmunism?

Communism is, in theory, a form of government in which wealth is distributed evenly. In practice, corruption is rampant, and the government becomes authoritarian.


The gap between rich and poor nations is becoming?

wider The world is getting wealthier, but the new wealth is not distributed evenly.


Was wealth distributed evenly among member of the colonial society?

Do you mean American colonial society? if you do, then no, of course not, there were rich and poor as there was everywhere.


What are the current trends in Globalization?

Global wealth is less evenly distributed. Due to globalization The wealth gap is growing larger Outsourcing is becoming more common


Why can't everyone be rich?

Not everyone can be rich because wealth is relative and limited. In a society where everyone is rich, the value of wealth would decrease, making it no longer a distinguishing factor. Additionally, resources and opportunities are not evenly distributed, leading to disparities in wealth accumulation.


Why did Upton Sinclair and Robert la follette believe that the new deal did not go far enough?

Sinclair believed that the nation's entire economic system needed to be reformed along Socialist lines. La Follette believed that wealth needed to be evenly distributed...also socialism


Were the products of industrialization evenly distributed throughout the community Explain?

No, the Industrial Revolution was actual the beginning of an uneven distribution of wealth. Most of the money stayed in the hands of the very rich.


Why is Venezuela so poor if they have so much oil?

Like most countries, wealth is not distributed evenly. There have been a lot of social and political problems in Venezuela, including corruption, but that has improved.


The study of how wealth is created and distributed is?

Economics.


Are natural resources distributed evenly around the world?

No, natural resources are not distributed evenly around the world. Different regions have different levels of abundance in resources such as oil, minerals, and water. Factors like geology, climate, and past geological processes influence the distribution of natural resources across the globe.


How was wealth distributed in the 1920s?

Graphs and statistics was very helpful in the distribution of wealth in 1920s.