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The transistor made radio receivers
China's Economic Growth
A phenomenon marked by rapid industrialization, significant increases in GDP, and lifting millions out of poverty, transforming the country into a major global economy.
Individual Initiative
The drive or motivation of an individual to undertake actions on their own accord, often leading to innovation or the starting of new ventures.
Price Mechanism
The process by which the forces of demand and supply determine the prices of goods and services and allocate resources in an economy.
Capitalism
An economic system in which private individuals and businesses own capital goods and the production of goods and services is based on supply and demand in the market.
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