Question

Why there is corporate system when china is communist state?

Answer 1

Heya..

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Communist system is that system in which government played the important role in the economy and accordance to govt some people used to make the groups to operate the production and other economic activities..

So, when in China there was the Communist system there were many Cooperative system to play the contribution in the economy..

Thank you

Answer 2

In a Communist system, the central authority dictates the means and quantity of production, and places strict rules on businesses. Since there is no competition amongst firms, each is given the same amount of money and each worker is paid the same, with the same expectations of each.In a Communist system, the central authority dictates the means and quantity of production, and places strict rules on businesses. Since there is no competition amongst firms, each is given the same amount of money and each worker is paid the same, with the same expectations of each.