GS-2 (Mains), GS-3 (Mains), Mains-2018 (English)

Market Economy Status to China – Issues & Its implications on India

A market economy is an economic system where decisions regarding investment, production, and distribution are based on the interplay of supply and demand, which determines the prices of goods and services. -> Under WTO norms, once a country gets market economy status, exports from it are to be accepted at the production costs and selling… Continue reading Market Economy Status to China – Issues & Its implications on India

Advertisements