Market Economy - Where consumers decide which goods and services they want and businesses provide these. Most businesses in a market economy are privately owned. The USA is an example of a market economy. Command economy - Where the government owns most businesses. The government decides what and how much will be produced. Russia and China used to have planned economies. Traditional economy - an economic system in which people make economic decisions based on customs and beliefs that have been handed down from one generation to the next. A mixed economy is another kind of economic system which bledns elements of the 3 above economic systems. It is not one of the 3 major types of economies.
As of 2013, there are six economic strengths and weaknesses of China. Some of the strengths and weaknesses of China are making more competitive products, lacks high standards and integrity, and poorly planned investment decisions.
China and India are the two biggest and most successful of the new globalizers.
Well, the name for this type of system is centrally planned, and one country with this economic system is China.
The main disadvantage is that imports compete with local industries, thus often resulting in a decrease in profits for the local businesses. in severe cases, such as cheap textile imports from countries like china, the imports could completely out-compete the local industries and result in large scale job loses and company closures as the local businesses can no longer make a profit.
yes
100 haha
The most successful bank in China is infact named China Merchants Bank. Other merchant banks in China are; China Minsheng Bank, China Citic Bank, Bank of China and Hua Xia Bank.
because China is communist and not a free market system
sam zhang
eating crap
Germany and china
United States
China
china
dumb dumb
You can find cheap NHL jerseys from china which offers free shipping for you. Businesses from china provides great quality of materials in addition to offered sale on huge discounts.