Which of the following is a common of feature of economies such as South Korea, Taiwan, Hong Kong, Singapore, Chile that have achieved significant gains in economic growth?

Question

Quizplus · Accepted Answer

The existence of a market economy is a common feature of economies such as South Korea, Taiwan, Hong Kong, Singapore, and Chile that have achieved significant gains in economic growth. This means that the economy is largely driven by market forces, with the government playing a limited role in regulating economic activity. This allows for greater efficiency and innovation in the private sector, which can contribute to economic growth.

Which of the Following Is a Common of Feature of Economies