narwhal@mander.xyz to Memes@lemmy.mlEnglish · 2 months agoAnother Mindsetlemmy.mlimagemessage-square13fedilinkarrow-up179arrow-down18
arrow-up171arrow-down1imageAnother Mindsetlemmy.mlnarwhal@mander.xyz to Memes@lemmy.mlEnglish · 2 months agomessage-square13fedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up23·2 months agoBasically, China is a command economy where markets are used as allocators. The goals are decided by the state, and markets are used to figure out how to move resources around efficiently to achieve these goals.
minus-squareCowbee [he/they]@lemmy.mllinkfedilinkarrow-up13·2 months agoYep! That’s a great way to describe it.
Basically, China is a command economy where markets are used as allocators. The goals are decided by the state, and markets are used to figure out how to move resources around efficiently to achieve these goals.
Yep! That’s a great way to describe it.