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Caulfield 1Breanna Caulfield Professor Gustafson Principles of Macroeconomics 4thMay 2020Assignment Three-China’s Economic GrowthThe following policies of economic growth were key components to the China’s economic growth during the 1975-2005 period. These policies were allowing the formation of rural enterprises and private businesses, easing up on foreign trade and investment, investing in industrial production, educating workers, and relaxing the state control over some prices. Economic growth depends on policies that affect productivity and the labor supply. Although the growth in China’s stock of capital assets, like new factories, manufacturing machinery, and communication systems were important, the biggest economic factor to their economic growth was the increase in productivity. Capital investment becomes more powerful when accompanied by market-oriented reforms that introduce profit incentives to rural enterprises and small private

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Term
Fall
Professor
jane
Tags
Macroeconomics, Breanna Caulfield

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