Question

Why is China considered a mixed economy? a A.Its economy includes complete government control overproduction. b B.Its economy includes government control as well as market and tradition. c C.Its economy is based on communist ideals of contribution and consumption. d D.Its economy has little government regulation and is mainly traditional.

Answer 1

A. The command economy is a key feature of any communist society. Cuba, North Korea, and the former Soviet Union are examples of countries that have command economies, while China maintained a command economy for decades before transitioning to a mixed economy that features both communistic and capitalistic elements.