The key reason for China's growth miracle beginning in the late 1970s was:

Question

Quizplus · Accepted Answer

The assignment of private property rights was the key reason for China's growth miracle beginning in the late 1970s. This allowed individuals and businesses to own and control their own property, leading to increased productivity, investment, and growth. The enforcement of communal property, while practiced in China during certain periods, did not lead to the same level of economic growth. Foreign investment may have played a role in China's growth, but it was not the main driver. Pure luck cannot account for sustained economic growth.

The Key Reason for China's Growth Miracle Beginning in the Late