Social Studies, 10.01.2020 07:31 shainaanderson24

From 1949 to the early 1990s the economy of which country was almost entirely state run

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Answer from: Anisanene

The economy of China was almost entirely state-run from 1949 to the early 1990s.

Explanation:

In order to implement the idea of collectivisation, Mao planned the implementation of an economic policy that would follow the Marxist principles.This policy had the provision of the ownership of the states resources and market in the hands of the government.Mao named this plan as the plan for Chinese economic reformation.After Deng Xiaoping came to power in 1978, he changed the economic policies to incline more towards capitalism but the ownership of resources and the market still stayed in the hands of the government.

Answer from: Quest

marginal cost is a microeconomic measure that us to evaluate the extent to which the level of production of a good is sustainable in accounting, that is, to how many quantities the company plans to profit from the production of the good.

the concept of marginal cost is simple, it means the cost of producing one more item. for example, in the case of pies, the marginal cost is the cost of producing one more pie than those that have already been produced.

it is important to understand that productive activity influences marginal cost. the marginal cost of some goods can be very high, while others may be insignificant. for example, the marginal cost of producing an extra plane is very high. already the marginal cost of a water company to provide 1l more water is derisory.

in the case of pies, the cost involves the inputs, the labor and the fixed cost, which involves the fixed space of the bakery. the level of production initially has the marginal cost decreasing because there is space and manpower available. however, to produce more you have to hire more workers and buy more inputs. if physical space is limited, workers will conflict with places, inputs and their productivity will decrease, meaning there is an optimum point of production for each level of space and manpower. from this point on, the productivity of the workers will be getting smaller because of lack of space, so that the marginal cost of producing one more pie will be increasing. so, although you have not posted the chart, but if you have the answer, you can see that my explanation goes according to the marginal cost curve that will increase from the 4th pie, answer (c).

Answer from: Quest

the article must be ratified by three-fourths (38) of states within a proscribed deadline.

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From 1949 to the early 1990s the economy of which country was almost entirely state run...

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