ECONOMICS

Demand for Cars in China

[Institutions Name]

Demand for Cars in China

Question 1

This study will describe in detail the phenomena of the given state regarding why Chinese government intervention maybe beneficial for the free market economy of the country. Usually there is some extent of intervention required in free market economy in most of the countries, mostly when a market is expected to fail or may not be as efficient. In this case the increasing demand for cars and low prices has made China as one of the leaders in automobile market of the world which contributes highly to their GDP and has ...