The Chinese communist party’s approach when it took power was to institute a <u>"Planned economy"</u>
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The history of the Chinese Communist party began with its establishment in July 1921. A look at a group led by Peking university professors Chen Duxiu and Li Dazhao to discuss Marxism, brought about intellectuals officially founding the Chinese Communist party (CCP) in July 1921.
In 1923, Sun Yat-sen invited the CCP to form a United front and to sign up for his Nationalist party (GMD) in Canton for training under representatives of the Comintern, the Soviet Union's international organization.
The Soviet representatives reorganized both parties into Leninist events. Rather than a loose organization that characterized the 2 parties till then, the Leninist party operated on the principle of democratic centralism, in which the collective management set standards for membership and an all-effective central Committee determined the party line, which all members should observe.
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Answer:
liberalization
Explanation:
The expanding importance of foreign-owned firms in local economies has been viewed by a number of governments as a threat to their autonomy. However, there has been a marked liberalization of government policies and attitudes toward foreign investment in both developed and developing nations in recent years.
According to classical macroeconomic theory , all the given options suits it.
All of the above are correct.
<h3><u>Explanation: </u></h3>
Classical macroeconomic theory is based on the classical theory in which the emphasis is mostly on the supply chain rather than the demand. In this theory, the price levels always move slowly or are sticky in the short run as compared to the old run.
In this theory, the capital, labor, and the available production supplies determines the output and for reaching to any output, demand for money and supply is adjusted by the interest rate.
What are the southeast Asian countries?
Process of elimination of c and d, which leaves a and b, favored more on b