Is the Chinese econmy communist, capitalist, market-socialist – or something else?

Q: what theory is biased on the idea that two economic systems capitalism and socialism will eventually…

A: In economics, there are different approaches to see the world and there are different ways to deal…

Q: which economic system did Ayn Rand claim was the best to support her theory?  a. socialism  b.…

A: Aye Rand was a writer and philosopher. She was born in Russia.

Q: How is it that the problem of who to produce for is resolved in the capitalist system?

A: A capitalist system is an economic system that is run by the free enterprises of the market. In this…

Q: Which of the following is a normative statement? Mark all that apply Group of answer choices A;…

A: Normative statements are expressions of opinions, values, or judgments about what ought to be or…

Q: Ways in which China has a socialist market economy?

A: The term "economic system" refers to the many laws and ordinances that make up the economy. In terms…

Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…

A: An economic model creates a similar situation for a firm in accordance to real life through which…

Q: Identify from the situation positive and normative economics and give your reasons.

A: Positive and normative economics are the two disciplines of modern economics.Positive economics…

Q: What are the characteristics of a good economic model?

A: Characteristics of a good economic model: 1) The acquisition cost is low compared to the cash flow…

Q: List and discuss three of the better known normative standards income distribution.

A: The measure to which the authorities should transfer income from people with greater income to those…

Q: Would a good economic model be more likely to address a positive statement or a normative statement?…

A:

Q: What is the economic thought of: Ancient Greece Islamic Thinkers Scholastics

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Please explain classical and neo-classical from schools of thought.

A: New classical theories emerged around 1900.

Q: Social scientists: O want models that look exactly like the real world don't like to make…

A: Social Scientist is a person who is an expert in the study of society and analyses the social…

Q: What are the different types of Economic Systems?

A: An economic system is a method by which social orders or governments coordinate and disperse…

Q: What is the importance of learning Economics to our present Political and Economical Conditions…

A: The importance of learning Economics to our present Political and Economical Conditions right now…

Q: Identify and define the two branches of economics

A: Economics:- Economics can be defined as the subject that studies the production, consumption and…

Q: How is the success of economic policy measured?

A: There are various measures adopted by an economy to monitor its success or growth. Some examples…

Q: Whar is Economics ?

A: ‘Economics’ is the study of human behaviour that how an individual gets their livings. It is also…

Q: Why is it important for a good economic model topredict cause and effect?

A: Cause and effect refers to the relationship between two events in a way that the occurrence of one…

Q: What was one of John Mayland Keynes’s major economic belief

A: John Maynard Keynes was an early 20th-century British economist, regarded as the founder of…

Q: Share your views on the idea that economists make assumptions in order to make the world easier to…

A: Economist use assumption to make complex things into simple. Economics is a social science and…

Q: Who did Milton Friedman advise with his economic theory?

A: Milton Friedman was an American economist and statistician who believed strongly in free market…

Q: Should we embrace the economic model of nature? The non-economic model? A combination of both?

A: Introduction Economic models refer to the general rules or principles used to explain economic…

Q: Why did China move to or transistion to a socialist market economy?

A: China started its economic transition in 1978 with the aim of establishing a socialist market…

Q: write down about the econmics systems.

A: Economy: It is a system that organizes money, industry, trade of a country or region.

Q: what are the four structures in  economics

A: In economics, market structure refers to how different industries are classed and distinguished…