How could the Chinese economy be characterized?


A.
free market


B.
mixed, but on the side of centrally planned


C.
mixed, but on the side of free market


D.
centrally planned

Respuesta :

B. Mixed, but on the side of Centrally Planned.

The Chinese economy could be characterized as a mixed, but on the side of centrally planned. Option C is correct.

A centrally planned economy is an economic system in which the state or government makes economic decisions rather than being made by the interaction between consumers and businesses.

Meanwhile, a mixed economy combines  characteristics of market, command and traditional economies. In a mixed economy, the government’s role in other areas depends on the priorities of the citizens.