Asked by Kaylee Rabon on Apr 26, 2024
Verified
In the mid-1980s,in which communist country did the credo change from "From each according to his ability,to each according to his needs" to "More pay for more work,less pay for less work"?
A) The Soviet Union
B) Vietnam
C) Cuba
D) China
More Pay
Refers to an increase in the amount of money an employee receives for their work, either through raises, bonuses, or overtime compensation.
Communist Country
A nation that operates under a system of government where the state plans and controls the economy and a single—often authoritarian—party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
- Examine how economic reforms, particularly efforts towards privatization, impact national economies.
Verified Answer
JF
Jesse FullerApr 30, 2024
Final Answer :
D
Explanation :
This change in economic philosophy occurred in China under the leadership of Deng Xiaoping, who implemented market-oriented reforms and encouraged a shift towards a more capitalist system. The slogan "more pay for more work, less pay for less work" became a rallying cry for incentivizing productivity and efficiency in the workplace.
Learning Objectives
- Examine how economic reforms, particularly efforts towards privatization, impact national economies.