Study the cartoon given below carefully and answer the following questions :

(a) Which country does this cartoon refer to?
(b) Evaluate any two changes in the economic policies of this country from ‘then’ to ‘now’.
(c) Assess any two outcomes of the latest changes that took place in this country.
(a) The cartoon refers to China.
China transformed its economic policy and introduced a new market economy. The new policies proved to be remarkable. Privatization in every sector developed the nations.
(b) Earlier the economy of China was based on the economic model, this led to the falling of industries. Then the policies took a major turn and China transformed its economic policy and introduced a new market economy. The new policies proved to be remarkable. Privatization in every sector developed the nations.
(b) The latest change :
1. The rise in agricultural production hence increases in personal savings.
2. Creation of Socio-Economic zones raised the foreign trade.
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.
