5. Essential Content
Market economic system is an economic system in which price, wage, product and service are determined by market force of supply and demand, without any state interference. After many problems of market economic system were uncovered, planned economic system appeared. Planned economic system(or Command economic system) is an economic system in which all resources are divi
5. Essential Content
Market economic system is an economic system in which price, wage, product and service are determined by market force of supply and demand, without any state interference. After many problems of market economic system were uncovered, planned economic system appeared. Planned economic system(or Command economic system) is an economic system in which all resources are divi
Russian economy. He overthrew a radical economic reform, focusing on restructuring Russia’s economic system-from the world’s largest command economy into a free-market one. His reform can be explained by three key principles: fiscal austerity, privatization, and liberalization of its economy. It was carried out through the entire sphere of Russia, with particular emphasis on five aspects:
I. 경제 체제(economic system)의 의미
인간의 경제생활을 영위하기 위해 고도의 분업과 특화를 기초로 하여 이루어지는 부분적ㆍ개별적 경제활동을 전체로서 질서있게 하고 조직화하는 일련의 제도를 말한다. 각 경제체제는 각각 고유의 기본원리를 가지고 있으므로 그 기본원리의 상이에 의해 여러 가지
“Characteristics”
1)Limited Private Property
-State-owned enterprises
2)Non-Price Mechanism
-Distribution system
3)Planning by Government
-Command system
“The reasons of
Chinese economic reform”
Distortion in Industrial structure and inefficiency
Failure of “The Great Leap Forward” (58~60)
Failure of “The Great Proletarian Cultural Revolution” (66