Today, China's economy most closely approximates:
A)pure capitalism
B)a command economy
C)market socialism
D)authoritarian capitalism

Question

Quizplus · Accepted Answer

China's economy is often referred to as a "market socialist" system. The government has a significant role in the economy, owning many large enterprises and influencing economic policy. However, there are also market mechanisms in place, such as private businesses and foreign investment. This differs from a command economy (choice B) where the government controls all aspects of the economy, and pure capitalism (choice A) where the market is completely free from government intervention. Authoritarian capitalism (choice D) may describe aspects of China's political system but does not accurately capture the economic system.

Today, China's Economy Most Closely Approximates