Over the last three decades, the Chinese government has adopted a series of market-oriented reforms that have shifted control of many parts of the Chinese economy from government officials to private individuals. These reforms have most likely stimulated China's growth for which of the following reasons?

Question

Quizplus · Accepted Answer

Market-oriented reforms typically stimulate growth by providing individuals with greater incentives to be efficient, innovate, and improve productivity, as they can directly benefit from their efforts and investments.

Over the Last Three Decades, the Chinese Government Has Adopted