Question

China might best be considered what type of "economy"?

a. Established economy
b. Emerging economy
c. Developing Economy
d. None of these are correct

Answer 1

China is considered an emerging economy due to its transition from a command socialist economy to a mixed economy, resulting in significant growth in recent decades.

Step-by-step explanation:

China can best be considered an emerging economy. In the late 1970s, China transitioned from a command socialist economy to a mixed economy, which has driven its phenomenal growth over the past few decades. This shift allowed China to become one of the fastest-growing economies in the world and transform from one of the world's poorest countries to a middle-income country today.