Socialist Market Economy
A socialist market economy refers to the economic systems adopted by the People's Republic of China and Socialist Republic of Vietnam. Although there is dispute as to whether or not these models actually constitute state capitalism, the decisive means of production remain under state-ownership. State enterprises are organized into corporations (corporatization) and operate like private capitalist enterprises. A substantial private sector exists alongside the state sector of the economy, but plays a secondary role usually relegated to the service sector and production of consumer goods.
Examples of socialist market economies include: Socialist market economy with Chinese Characteristics and Socialist-oriented market economy.
Other articles related to "socialist market economy, market, socialist, economy":
... this, certain policies and system characteristics—such as commodity production for the market, the existence of a private sector and the reliance of the profit motive in enterprise management—wer ... The CPC still considers private ownership to be non-socialist ... of the war communism program is a good example of flexibility by socialist authorities ...
... official designation of "socialism", analysts often describe the Chinese economy as a form of state capitalism ... Studies Association at the DePaul University finds that the Chinese economy does not constitute a form of socialism when socialism is defined as a ... is not the dominant mode of organization in the Chinese economy, suggesting it is a partially pre-capitalist, agrarian system where almost 50% of its population is engaged in agricultural work ...
Famous quotes containing the words economy, socialist and/or market:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we really experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
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