China`s ‘Socialist Market Economy
Question 2: In what way can China’s ‘socialist market economy’ be regarded as successful and to what extent is it not achieving its promise? China is much more than just a mere country. It has b...
Economic Principles of the Freight Market
Tankers are usually vessels utilized in the process of transporting liquid materials such as oil or oil-derived commodities. Sometimes tankers may contain chemicals, foods, wine and other commodities....
Why do economists describe the US economy as a mixed-market economy?
Answered by Catherine Caldwell Market economy implies free entrepreneurship, a critical role of the market in the regulation of economic relations, and minimal state interference in business activi...