One of the Reasons for China's Real Per Capita GDP

question 88

True/False

One of the reasons for China's real per capita GDP being far lower than that of Taiwan in 2000 was the lack of private property rights in the former nation.

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Definitions:

Lawsuit

A legal action or proceeding between two parties, plaintiff and defendant, conducted in a court of law.

Court Determination

The final decision or judgment issued by a court of law.

Arbitration

A private, judicial determination of a dispute and an alternative to court action (litigation), and generally just as final and binding.

Litigation

The process of taking legal action or resolving disputes in court.