Which nation listed below is successfully transitioning from a planned economy to a hybrid market economy?
A)People's Republic of China
B)Japan
C)United Kingdom
D)United States

Question

Quizplus · Accepted Answer

China has been gradually transitioning towards a market-oriented economy since the 1970s, with the introduction of economic reforms known as the "Four Modernizations." Since then, China has steadily opened up its markets to foreign investment and privatized state-owned enterprises, while still maintaining some degree of government control and intervention. This hybrid market economy has been successful in driving economic growth and lifting millions out of poverty.

Which Nation Listed Below Is Successfully Transitioning from a Planned