What Was the Name of the Chinese Government-Sponsored Program of Economic

question 213

Short Answer

What was the name of the Chinese government-sponsored program of economic reform launched in the 1950s?

---

Definitions:

Disposable Income

The amount of income left to an individual after taxes have been paid, available for spending and saving.

Control

In an experiment or study, the standard to which comparisons are made; in management, the process of directing and regulating processes, systems, or organizations.

Net Investment

The aggregate investment in new capital assets less the depreciation charges on the current capital assets.

Gross Investment

The total amount spent on purchases of new capital and on replacing depreciated capital within an economy during a specific period.