Compare and contrast the economic systems of China and the United States. Specifically, what is the role of government in each economy? | Homework.Study.com (2024)

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• Compare and contrast the two major economic systems. What is a shortcoming of each system?
• Free Market and Capitalist System are economic systems based on competitive market and limited government intervention. Is the United States a Free Market Economy? If not, what type of economic system the U.S. has in contrast with China? Explain your disc
• What is the economic system used in China?
• A) Compare and contrast the market economy to the command economy. B) What kind of economy do we have here in the U.S.?
• Compare and contrast the use of various economic models to explain the role of economics in healthcare and how the concept of the market equilibrium works in healthcare.
• 1. Compare and contrast the characteristics of a market economy system vs a command economy system. 2. What do economists mean when they say "ceteris paribus"?
• What is the United States' economic system and what are the characteristics of this economy?
• Compare and contrast the characteristics of a market economy system versus a command economy system. Provide at least 3 points of difference or similarity.
• Compare and contrast the command economy, the capitalist economy, the traditional economy and the mixed economy.
• Compare and contrast the advantages and disadvantages of the world economic system under Bretton Woods and under a free market capitalist system.
• Describe the economic system of the United States.
• What is the role of the government in a mixed economic setup system?
• United States and China -Compare and contrast their fiscal and monetary policies during a recent economic growth and recessionary periods. How have their policies lead to economic stability?
• a. Explain the difference between a market economy and a command economy. b. Discuss one policy implemented by China to move from a command to a market economy.
• Describe the basic differences between a capitalist economy and a socialist economy, and how many economies are mixed systems?
• What is a market economy? Compare and contrast a market economy with a planned economy.
• A) What is a market economy? B) Compare and contrast a market economy with a planned economy.
• What are the differences and similarities between the Cuba's command economic system and the United States market economic system?
• In the current world of economies, can China be considered a state capitalist country? Explain.
• Describe the differences between the economic models of Capitalism, Socialism, and Communism.
• Compare and contrast business environments in Jamaica and USA. Evaluate how their business environment is influenced by government economic policy which may be identified through your application of economic theory.
• What are the specific features of China's economic model, compared to the major economic powers of the G7?
• Discuss how the "free market" system ties into different economic systems, as well as their role in today's economy and the global market.
• What are the key differences in economic policy, between China and India?
• Compare the economic transition and reform policies of Russia and China. Who has the the more successful policy? What type of economic system do they hope to establish?
• Name and describe in detail each of the three different types of economic systems that exist in the world today. For each system, give examples of nations whose economic systems most closely follow that particular system.
• Describe at least five different forms of government intervention in the economy.
• Describe the three primary economic systems. What are the differences between the three?
• Describe the differences in economic freedom in a traditional economy, a market economy, and a command economy.
• What economic system is the United States?
• Identify and briefly describe the main economic functions of government. What function do you think is the most controversial? Explain why.
• Compare and contrast microeconomics and macroeconomics. Compare and contrast a market economy with a planned (command) economy. What is the role of price in a market economy? What is the role of profi
• Describe the differences in economic stability in a traditional economy, a market economy, and a command economy.
• What is the economic role in government?
• Discuss how the government's influence over the U.S. economy impacts you personally. Discuss which country has the most economic influence in the United States and the impact of this influence.
• What is the role of the government in the economy?
• What economic model does China use?
• How state-heavy is China's economic development model?
• Differentiate between economic system and market economy as used in economics.
• What is the comparative picture of economic growth of India and China since 1950?
• Compare and contrast economies of scale with economies of scope.
• What is the government's economic role?
• Government plays a role in which type of economy? a. only socialist economies b. only mixed economies c. only free-market economies like the United States d. all economies
• Contrast how a market system and a command economy try to cope with the problem of economic scarcity?
• Is China's version of Capitalism today similar to America's post WW2 version of Keynesian economics, if so how?
• Describe the main differences between a "command/centrally planned economy" and a "free market economy".
• Explain China's current economic system, including China's economic transition, its economic growth in recent years, and if currency manipulation has been a factor.
• What are the similarities and differences between classical and neoclassical analyses of capitalism? Use the Australian economy to illustrate your answer.
• Discuss how a nation's culture affects its economic system.
• Compare and contrast the macroeconomic policies advocated by John Maynard Keynes and Friedrich von Hayek.
• Explain the advantages and disadvantages of any two of the three basic types of economic systems.
• Describe developing countries and how they differ from industrial market economies.
• What are the differences and similarities between economic growth in High-Performance Asian and Latin American economies?
• How would you explain to someone from Cuba(a communist economy) the differences between their economy and ours (a free-market economy) in terms of the three basic tasks of any economy.
• What role does economics play in the political realm? Why do we care what type of market China and Russia have? Provide an example of how this influences your daily life.
• What role does the government play in the economy? How is it able to achieve its goals? In other words, what methods does it use and when?
• Explain the similarities and differences between the Bretton Woods system and the present system under the IMF.
• Compare a capitalist economy and a socialist economy on the basis of the distribution of income.
• Compare the capitalist economy and the socialist economy on the basis of distribution of income.
• Compare economists and give detail that American economy today is based on whose philosophy.
• Identify and explain the three basic economic questions that must be answered by any economic system.
• Describe a mixed economic system.
• Compare and contrast Keynesian economics and supply-side economics.
• What are the distinct elements and features that differ between capitalism, planned economies, and mixed economies?
• Explain the difference between communism, socialism, and capitalism. What is a mixed economy?
• Compare and contrast the monetary system with the barter system. What are the costs of the latter?
• What is the market-based economic system in which the government is involved to some extent?
• Describe the differences in economic efficiency in a traditional economy, a market economy, and a command economy.
• Explain the major difference between capitalism, socialism, communism, and a mixed economy.
• What are the roles of government in the market economy? Based the current economic conditions, to what extent should the government intervene in the market economy? What are the justifications given
• How was the economic part of fascist corporatism any different from capitalism? And did it work better, worse or somewhat the same in comparison to GDP?
• How does China's legal system benefit their economic growth? How does the system hinder their economic growth?
• What is the role of government? Explain the microeconomic and macroeconomic policies of the government.
• Compare and contrast the economic growth of East Asia, Latin, and Africa.
• Describe the differences in economic security in a traditional economy, a market economy, and a command economy.
• Describe the differences in economic growth in a traditional economy, a market economy, and a command economy.
• What types of economic and political systems are usually related to better economic conditions?
• Describe the different economic systems. Who owns the factors of production and what method is used to make decisions? Give examples of countries that use each system.
• Describe the role of Communism in shaping the economic policies of Park Chung Hee and Lee Kuan Yew.
• What are the similarities and differences in the world's political and economic systems and what are their effects on globalization?
• What role do you think the government has in our economy?
• What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?
• What are some basic economic data that could be used to, as best possible, objectively compare the United States' economic performance under different presidents? What are those comparisons?
• What is the role and function of government in the economy?
• What are the differences between China's economic policy for the development of Africa, and the west's model for the development of Africa?
• Briefly describe the types of economic systems.
• Explain how the U.S. affects the economy, and explain the differences between expansionary and contractionary fiscal policies.
• Economically, how did the overall economy differ in Latin America, during its military dictatorship and its transition to democracy? What were the pros and cons of each era? Would it have been better for the economy to be under a military dictatorship rat
• What is the role of economic theory in the way economies are run today? Include examples.
• How do monetary and fiscal policy compare and contrast?
• How does Marxism differ from Keynesian economic systems and what are key factors attributed to the failure of communist systems in Russia and China in 1980's?
• How does monetary policy differ between capitalist and communist countries?
• Explain the way a strong economic growth in China affects the aggregate demand in the United States.
• What is an economic system based on the principle that the government should own and operate critical enterprises that directly affect the public welfare?
• Describe the differences in economic equity in a traditional economy, a market economy, and a command economy.
• Compare the command economy and "laissez faire" economy.
• Describe how the United States measures economic performance for the nation.
• With the classical argument structure, discuss what size of government is appropriate for America, and what are the economic effects the government will have on business? Some issues that should be included are the role of government in American life, wha
• What is the economic system in which the government makes all decisions on the three key economic questions?
• Compare and contrast the ideas of Classical economics and Keynesian economics.