Question:
Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
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China's economic success stems from market reforms, but it has maintained a firm political structure.
Updated On: Feb 3, 2025
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Solution and Explanation
- Statement 1 is true: China has adopted a market-oriented approach since its economic reforms, while still maintaining strict political control. This approach has created additional social and economic opportunities for its citizens.
- Statement 2 is true: While India, Pakistan, and China have similar geographical endowments, their political systems differ significantly. India is a democracy, Pakistan has had military interventions, and China is a one-party communist state.
Conclusion: Both statements are true, reflecting the economic and political differences between these countries.
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