Question

China's economy is more __________ oriented than North Korea's.

A. market

B. command

C. tradtional

Answer 1

Answer: MARKET.

Explanation: China's economy is more MARKET oriented than North Korea's.

A market oriented economy can be defined as an economy that decisions regarding companies, prices, and production and distribution are controlled by the demand for goods and services rather than the government.

China's economy is more MARKET oriented than North Korea's because the system of government practiced in North Korea cannot permit a market oriented economy.

Answer 2

Option A market

Step-by-step explanation:

Chine is one of the countries with a blooming economy. China operates a socialist market economy. In this type of market economy of the Chinese, some percentage of businesses, firms are owned by the state while others are owned by the public. It formerly operates the command system before the use of the socialist market system. The forces of market and capitalist that holds the China economy but some believe that capitalist and not socialism holds the Chinese market. Some other also believes that that China uses the Command and the market system both. In the market economy, demand and supply plays a huge role because they can affect or influences price in the economy.