Dual-track system
Encyclopedia
A dual-track system is an economic system
in which the government
controls key sectors of the economy
, while allowing private enterprise limited control over the other sectors.
Economic system
An economic system is the combination of the various agencies, entities that provide the economic structure that defines the social community. These agencies are joined by lines of trade and exchange along which goods, money etc. are continuously flowing. An example of such a system for a closed...
in which the government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
controls key sectors of the economy
Economy
An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...
, while allowing private enterprise limited control over the other sectors.
See also
Chinese Economic ReformChinese economic reform
The Chinese economic reform refers to the program of economic reforms called "Socialism with Chinese characteristics" in the People's Republic of China that were started in December 1978 by reformists within the Communist Party of China led by Deng Xiaoping.China had one of the world's largest...
- ["1981: Dual-track Price System -- China.org.cn." China.org.cn - China News, Weather, Business, Travel & Language Courses. Web. 24 Feb. 2011.