For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China’s economy is in a state of transition. Please select the best answer from the choices provided

Question

22-01-2020
Business

Answered

For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China’s economy is in a state of transition. Please select the best answer from the choices provided

Answer :

Other Questions

Which African colony had been the personal property of Leopold II from 1885 until 1908? German East Africa British East Africa French West Africa Belgian Congo

fatimakincsem fatimakincsem · Answer 1 · 2020-01-23T19:00:45-05:00

The given statement is False.

For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.

Explanation:

Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.

If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.

Learn more about Transition of Chinese Market at:

https://brainly.com/question/830955

#LearnWithBrainly