Question

In: Economics

compare and contrast the American and Chinese economies in terms of using global, ethical, political, physical,...

compare and contrast the American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators.

Does the size and growth of the economies of the two nations have any relationship to capitalism and democracy?

What is the impact of the Internet on the two national economies?

How do these nations define capitalism in relation to national political policies?

Is there a relationship between economic growth and personal freedom with the two nations?

Solutions

Expert Solution

In term of using global, ethical, political, physical, and societal indicators the Chinese economy is grown by a The economy of chinese is driven by sate owned companies and a handful of private enterprises. The American economy is driven mostly by private entities that are usually independent from government interference. The Strength of the Chinese economy is manufacturing, infrastructure and low labor cost.

Yes  the size and growth of the economies of the two nations have any relationship to capitalism and democracy

There is a huge impact of internet on two national economy because the internet exerts a strong influence on the economy growth rate it also results in faster productivity growth

These nation define capitalism to national political policies Capitalism is a type of economic system in which trade and industry are driven by private owners and the individual rather than the governmen

American have the largest economy and chinese are second largest economy relationship between these two have normally been stable with some period of open conflict they are also sharing the second largest trading partnership of goods and services.

T


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