China and India both have rapidly developing economies. Which of the following characteristics is shared by India and China?
A) Both have embraced free-market economies.
B) Property rights are well established in both countries.
C) Both are democratic countries.
D) Both have high literacy rates.

Question

Quizplus · Accepted Answer

Both China and India have embraced free-market economies to various extents, leading to rapid economic growth. China has adopted market reforms since the late 1970s, and India has been progressively liberalizing its economy since the 1990s.

China and India Both Have Rapidly Developing Economies