China Develops a New Economy
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Economy | A system of managing the wealth and resources of a community or region.
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Agriculture | Farming
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Commerce | The business of buying and selling or exchanging items.
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Urbanization | Growth of cities.
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Chain pump | A pump with containers attached to a loop of chain to lift water and carry it where it is wanted.
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Harrow | A farm tool used to break up and even out plowed ground.
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Barge | A long boat with a flat bottom.
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Currency | The form of money used in a country.
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Stable Food Supply | When there is enough food produced for everyone.
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Market Economy | A free economy, where production and prices are based on the interaction of people and business.
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Command Economy | An economy where the government makes decisions regarding prices and production.
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Mixed Economy | An economy where government makes some decisions regarding prices and production, and the interaction between people and business also has an effect on prices and production.
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Tradition Economy | An economy where people produce everything they need.
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