Question

Did China used to have a command economy?

Answer 1

Yes, China used to have a command economy, but it has transitioned to a more market-oriented economy.

Step-by-step explanation:

Yes, China used to have a command economy.

When the Chinese Communist Party took power in 1949, they implemented a planned economy, also known as a command economy. In a command economy, the government controls all aspects of the economy, including production, distribution, and jobs.

However, China has undergone significant economic transitions since then. In the late 1970s, China began shifting towards a more market-oriented economy, and since then, it has implemented market-oriented reforms. Today, China can be considered a mixed economy.

Answer 2

Answer:yes

Step-by-step explanation:

Since its establishment in 1949 and until the end of 1978, China maintained a centrally planned, or command, economy. The state directed and controlled a large share of the country's economic output; the state set production goals, controlled prices, and allocated resources throughout most of the economy.