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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