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Chinese Economics

            Capitalism and Communism are two different economic systems. Capitalism is an economic system characterized by freedom of the market and Communism is an economic system in which one does not have freedom because the government will make your decisions for you. In a Capitalism economy the government will change gradually, but is able to adjust to it with ease. Each person also has individual freedom with lack of government interference; also individuals have the freedom to choose what they want and when they want it. On the other hand, not everybody will have a job, and the government will not help him or her find one. But, if you do have a job, not everyone will be getting paid the same amount of money as you do. It all depends on what you do whom you work for, and how long you decide to work. Communism, however, has many drastic chances at a time, but is able to handle them, but in communism every communist citizen has a job, but no matter how much you work or whom you work for, you will always be getting paid the same amount of money as everyone else. Also in a communist economy consumers will not always get what they want because the government decides on what you will buy. When you go to the store, and you don't have a choice of what you want to buy. If you are communist, the government decides for you. Because of this, you can not always get what you want which is why communism is not a good consumer economy to live in. In our economy, you must work to make money. The more you work, the more you will get paid and now you will be able to buy what you need, and what you want. In a communist economy, you can work as much as or as little as dictated, but you will still get paid the same amount of money as everyone else. China is a communist economy. While Russia is trying to be a Capitalism. Two years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary.

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