Is China a market, command, or mixed economy? | Homework.Study.com (2024)

Question:

Is China a market, command, or mixed economy?

Economic Approaches:

In a free market economy, producers get to produce and exchange goods freely in the market. In a command economy, the government controls various portions of the market. A mixed economy entwines concepts from both a free market and command economy.

Answer and Explanation:

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China has a mixed economy. This means that its economic growth is dependent upon actions within the free market and government spending and...

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Is China a market, command, or mixed economy? | Homework.Study.com (2024)
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