How would you describe the concept of state capitalism to a friend

How would you describe the concept of state capitalism to a friend

How would you describe the concept of state capitalism to a friend? Using the example of China, relate the concept of capitalism and how it differs from a more purely laissez-faire economic system.

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Capitalism refers to a system that is put in place economically where the various factors which are required in production are owned by private entities. The factors which are involved include labor, capital, goods and even entrepreneurship. The control that is often exercised is through various companies which operate in an economy………………………………..

APA

665 words

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