mixed economy system
Mixed Market Economy
Mixed market economy makes china better
Economic system means the way in which a nation allocates its resources among its citizens. The economic structure of a nation is very important factor in the process of the country. Mixed market economy is more important and suitable than command economy or market economy in China and it can offer more opportunities for labours to find a job and improve the quality of citizens’ life.
Before “Reform and Opening up” that put forward by Deng Xiaoping in 1978 in order to open the door of Chinese market, China used a completely command economic system. Government made a series plans and gave out tickets to citizens. Citizens cannot buy goods without tickets. There is no need for a university student to apply for a job; government will send him to an arranged position. During the period, a man called Guoliang Lee, worked at state-owned enterprise in Changzhou. In this completely command economy, He didn’t need to worry about what he needed to do next day, even next week. There is also no need for him to worry about when the enterprise would raise his wage because country have fixed rate to raise state-owned enterprise’s workers’ wage, because the government would make full arrangement for him. The life lacked of goal and motivation because all the workers were in the same position. There was no competition. However, there was no opportunity for him to change in command economy, anything was planed by country, nobody can own private business.
The Great Leap forward and People’s commune was the product of the command economy in 1960s. It was a serious error in the road of building Socialism. It ignored the objective laws of economic development. Excessively exaggerating the role of the subjective and its efforts. It led to industrial and agricultural production is greatly damaged, a serious imbalance between proportions of national economy. People 's life had serious
Mixed market economy makes china better
Economic system means the way in which a nation allocates its resources among its citizens. The economic structure of a nation is very important factor in the process of the country. Mixed market economy is more important and suitable than command economy or market economy in China and it can offer more opportunities for labours to find a job and improve the quality of citizens’ life.
Before “Reform and Opening up” that put forward by Deng Xiaoping in 1978 in order to open the door of Chinese market, China used a completely command economic system. Government made a series plans and gave out tickets to citizens. Citizens cannot buy goods without tickets. There is no need for a university student to apply for a job; government will send him to an arranged position. During the period, a man called Guoliang Lee, worked at state-owned enterprise in Changzhou. In this completely command economy, He didn’t need to worry about what he needed to do next day, even next week. There is also no need for him to worry about when the enterprise would raise his wage because country have fixed rate to raise state-owned enterprise’s workers’ wage, because the government would make full arrangement for him. The life lacked of goal and motivation because all the workers were in the same position. There was no competition. However, there was no opportunity for him to change in command economy, anything was planed by country, nobody can own private business.
The Great Leap forward and People’s commune was the product of the command economy in 1960s. It was a serious error in the road of building Socialism. It ignored the objective laws of economic development. Excessively exaggerating the role of the subjective and its efforts. It led to industrial and agricultural production is greatly damaged, a serious imbalance between proportions of national economy. People 's life had serious
References: 1.Brandt, Loren et al. (2008), "China 's Great Transformation", in Brandt, Loren; Rawski, G. Thomas, China 's Great Transformation, Cambridge: Cambridge university press 2.Bransetter, Lee et al. (2008), "China 's embrace of globalization", in Brandt, Loren; Rawski, G. Thomas, China 's Great Transformation, Cambridge: Cambridge university press 3.Cai, Fang et al. (2008), "The Chinese labor market in the reform era", in Brandt, Loren; Rawski, G. Thomas, China 's Great Transformation, Cambridge: Cambridge university press 4.Tao Yang, Dennis. (2008) "China 's Agricultural Crisis and Famine of 1959–1961: A Survey and Comparison to Soviet Famines." Palgrave MacMillan, Comparative Economic Studies 50, pp. 1–29. 5.Thaxton. Ralph A. Jr (2008). Catastrophe and Contention in Rural China: Mao 's Great Leap Forward Famine and the Origins of Righteous Resistance in Da Fo Village. Cambridge University Press. ISBN 0-521-72230-6 6.Wertheim, Wim F (1995). Third World whence and whither? Protective State versus Aggressive Market. Amsterdam: Het Spinhuis. 211 pp. ISBN 90-5589-082-0