Social Studies

Yair Wilkinson

16 May, 23:56

From 1949 to the early-1990s, the economy of ___ was almost entirely state-run. Planning commissions at the national level decided what to make and who would be allowed to purchase what was made. The government had ultimate control over the factors of production. But over the last 20 years, a dramatic change has taken place. While the government of __ still has great influence in the economy, most of the economy is based on private economic forces. Producers and consumers make most of the economic decisions there, which has led to ___ becoming one of the fastest growing economies in the world. What country should go in the blanks in this passage? A) China B) India C) Japan D) Vietnam