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  • 21-03-2017
  • History
Answered

How has relaxed government control over factories and farms helped the Chinese economy?

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Incineroar
Incineroar Incineroar
  • 21-03-2017

They could choose whatver produce they wanted, at any price point, and make much higher profits. Bascally they had more freedom to choose where they got their materials from.

For example, a cotton farm could be benefitted by the relaxed control because factories had the freedom to choose their cotton farm as a source for their cotton to make clothing. A restricted government would force them to get everything from sources they choose, so this allowed the economy to grow exponentially.

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