:[html]Enterprise zones are areas which the government has recognized as having the fastest growth rates in the country. are characterized by government ownership of small businesses. feature low taxes and government support in an effort to encourage entrepreneurship. the government has set aside for major corporations that promise to spend at least $10 million to create new jobs.
Added by Daniela M.
Close
Step 1
Step 1: Enterprise zones are areas that are designed to encourage economic growth and development. Show more…
Show all steps
Your feedback will help us improve your experience
Nick Johnson and 71 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
China had special economic zones originally in places such as Hong Kong and Shenzhen set up back in the 1980s. Why would the Chinese government support these areas with different rules like no tax on trade or different economic laws? A. to contribute to economic health and growth by keeping more money in government B. to increase the number of programs where national taxes can be excised C. to facilitate a healthy economic environment and grow international trade
Nick J.
Why are special economic zones important to the growth of the Chinese economy?
Issues of Economic Development
Transition to a Market Economy
How can a nation improve its business climate?
A Framework for Economic Development Objectives
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD