... stating that they hold up to communist values, but in truth, they don't. China has a capitalistic economy and the only part of the country that remains communist is the government. The Chinese people have different wages, and no one obtains similar things in China. They are as unequal as people were in the 1700's. Businesses are not owned by the country, and ... . The economy is so profoundly great, as it is capitalistic, which gives them enough profit to fund their country. The reason China should switch over to Capitalism is because the Chinese people would prefer capitalism. They have...

• Word Count: 1554
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School

... the American GDP is growing at about 2% a year and China continues to grow at a percent of about 10. With this steady increase by the Chinese, they will pass us in highest GDP. If the US loses its number one rank, it will not get the moral, economic, and leadership authority ... but bringing in less which jump started the nation's current $14 trillion nation debt. That is another major indicator of economic health; the relationship between government income and spending. (O.C Ferrell, 2011) The nation as a whole can also feel the burden of a declining GDP. If the US isn't bringing ... ...

• Word Count: 1079
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School