What Was the Main Reason for the Establishment of Special

question 56

Short Answer

What was the main reason for the establishment of special economic zones (SEZs) as part of China's new market reforms?

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Definitions:

Mark-up

The additional sum included in the goods' cost to cover overhead expenses and gain, represented as a portion of the total cost.

Selling Price

The amount of money for which a seller is willing to sell their product or service.

Cost

The amount that is spent to buy or produce something, including the resources and materials used.

Overhead Expenses

Costs associated with running a business that are not directly tied to producing goods or services, such as rent and utilities.