Asked by Teigan Catlin on May 23, 2024
Verified
Which of the following has become the first communist country to make strong economic gains by adopting capitalist approaches to business?
A) Singapore
B) India
C) Thailand
D) China
E) Japan
Economic Gains
Increases in wealth, value, or the accumulation of resources beyond the original investment or cost.
- Understand the unique economic transitions and strategies in communist countries adopting capitalist approaches.
Verified Answer
HM
Haloula MakdahMay 25, 2024
Final Answer :
D
Explanation :
China has become the first communist country to make significant economic advancements by incorporating capitalist strategies into its economy, particularly since the reforms that began in the late 1970s under the leadership of Deng Xiaoping.
Learning Objectives
- Understand the unique economic transitions and strategies in communist countries adopting capitalist approaches.