According to this document and online available information, can you write an essay about the concept of varieties of capitalism in china? A quick talk about the private property, capital accumulation, wage labor, voluntary exchange, price system, and competitive markets. Then talk about the distinction and how these two varieties of capitalism which are the liberal market economies and the coordinated market economies are shown in China, providing some examples in necessary. State at the end the URL of the websites from which information was extracted.

22. Which type of economic system is followed in China? (1)(a) Mixed Economy(b) Socialist Economy(c) Capitalist Economy(d) None of these

1. Describe comprehensively the very nature of Chinese economic system. Consider the ownership of means of production (6) andchanges in Chinese economy since the 1980s (10).

Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property …...............a.property rights recognitionb.involuntary exchangec.women wage labourd.feminist policy

Capitalism is an economic system based on the private ownership of the means of production and their operation for ….........a.capitalb.profitc.labourd.wage

Economic Systems: Communism & Capitalism This activity is important because an economic system describes how a particular society distributes its resources to produce goods and services. A central issue of economics is how to fulfill an unlimited demand for goods and services in a world with a limited supply of resources. Different economic systems attempt to resolve this central issue in numerous ways. The goal of this exercise is to demonstrate your understanding between the fundamental differences between communism and capitalism, two of the basic economic systems found in the world today, and how they address the distribution of resources. Determine whether each statement below is an example of capitalism or communism. 1. When John Wakoski was a teenager, he worked at his uncle's famous artisan pottery shop on weekends. 2. Because they always knew how much they were going to make and sell each month, the bread factory managers didn't worry about what other bread companies were doing. 3. Jack Sampson works in a highly competitive industry. He has to make sure he knows the trends of his market, so he always offers good value and retains his competitive advantage. 4. All of the money earned beyond the cost of running the shoe manufacturing business goes to the government. 5. Selena Franka chose to give all the money earned beyond the cost of running her footwear company to a charity. 6. Because the choice is so limited and she has to buy the same sweaters that everyone else has, Penny puts a lot of time into matching things together to be funky. 7. Every summer, Janet Webber goes to the mall to buy new shorts but gets so overwhelmed by all the different styles she just wears the ones she already owns. 8. Relative to people's incomes, the price for gasoline is quite high, so those who own cars are very conscientious about using them. 9. Each time there is a risk that the oil supply will decrease, or the supply does in fact decrease, gasoline prices skyrocket. 10. When Suzanna Kogan was a teenager, she worked at the state-owned bread factory where everyone in her family worked.