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Towards a Correct Understanding of the Development of Non-public Ownership Economy

Xiaozhen Pan

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Abstract

The booming of non-public ownership economy means no denial of socialism; rather, it is a natural and logical product of the development of socialist productivity. Dominated by public-ownership economy, it definitely acquires the characteristics of socialism. Therefore, its further development does not challenge the domination of public-ownership.

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What this paper is about

The booming of non-public ownership economy means no denial of socialism; rather, it is a natural and logical product of the development of socialist productivity. Dominated by public-ownership economy, it definitely acquires the characteristics of socialism. Therefore, its further development does not challenge the domination of public-ownership.

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Available abstract

The booming of non-public ownership economy means no denial of socialism; rather, it is a natural and logical product of the development of socialist productivity. Dominated by public-ownership economy, it definitely acquires the characteristics of socialism. Therefore, its further development does not challenge the domination of public-ownership.

Key concepts: Public ownership, Socialism, Denial, Mixed economy, Economic system, Market socialism, Productivity, Market economy

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