Question

What happened to the gap between government-fixed prices and market prices in China as production rose?

पर्याय

• Government fixed prices were completely eliminated

• The gap increased significantly

• Market prices were replaced by government controls

• The share of market transactions increased as production rose

Answer 1

As production rose in China's economy, the share of market transactions increased. The dual pricing system gradually shifted the economy towards market mechanisms, with an increasing proportion of output being sold at market prices rather than government-fixed prices, reflecting the gradual transition towards a more market-oriented system.