2005Economic SurveyRequires access

On the Function of Private Economy

Dai Yuan-chen

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Abstract

The rise of China's private economy can be attributed to its advantage in pushing the development of market economy and technology. The major function of private economy is its contribution to the transformation from planned economy to market-oriented economy. Also, it brings energy to the whole-off reform and the birth of political democracy.

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The rise of China's private economy can be attributed to its advantage in pushing the development of market economy and technology. The major function of private economy is its contribution to the transformation from planned economy to market-oriented economy. Also, it brings energy to the whole-off reform and the birth of political democracy.

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Available abstract

The rise of China's private economy can be attributed to its advantage in pushing the development of market economy and technology. The major function of private economy is its contribution to the transformation from planned economy to market-oriented economy. Also, it brings energy to the whole-off reform and the birth of political democracy.

Key concepts: Information economy, Planned economy, Post-industrial economy, Economics, Function (biology), Service economy, China, Market economy

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