Output economy, market economy under central administration and managementHistory of Lao Economy
This chapter describes the about the traditional, output, and market economy, the difference between traditional and output, output and market economy, the Basic characteristics of market economy base on Marx – Lenin political economics theory in Lao PDR. 1. What is the traditional economy? - This material explains about the definition of traditional economy is the economy create usable for real labor produce goods for seft-enough and exchange between object to object and no competition. 2. What is the output economy? - This material explains about output economy is the economy produces for exchange of goods-money trough market system. 3. What is market economy? - This material explains about Demand , Supply and equilibrium by using demand and supply law. 4. What are different between traditional and output economy? - This material explains about diference from system of prooduce and system of exchange. 5. What are different between output and market economy? - This material explains about diference from system of prooduce and system of exchange. 6. What is characteristics of market economy base on Marx – Lenin political economics theory? - This material explains about The host economy has freedom on choose ownership model, Business model and major to the free law, The host economy have to own financial ,have freedom on choo, ownership mpdel used the rule of law.
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