China

China is one of the most fast growing economies in the world. One of there main selling points is the automobile industry. They are taking foreign cars and trying to sell them to there people at a rate of 25,000 cars selling per day. China is also trying to branch out there cars to the US. The problem is the safety of the cars. In a Russian safety test, the Chinese cars failed awfully. The cars spinned out of control and the car broke down. The Chinese are thinking that American company like GM are not American companies are. They believe that they can sell the Chinese cars for lots of money in the US. That will not happen at all. 

Definitions

Capitalism- Is a social political-economic system based on the principle of individual rights.

Communism-  Is a revolutionary socialist movement to create a classless and stateless social order structuredupon common ownership of the means of production, as well as a social, political and economic ideology that aims at the establishment of this social order.

Free Enterprise- Is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit.

Free Market- Is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation.