The socialist market economy is the economical system used by the People’s Republic of China. This type of economy is based on the prevalence of the state system, which permanently interacts with an open market economy. The rationale behind the initiation of such an economical system is the...

The socialist market economy is the economical system used by the People’s Republic of China. This type of economy is based on the prevalence of the state system, which permanently interacts with an open market economy. The rationale behind the initiation of such an economical system is the...

For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation. Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the...