Zusammenfassung der Ressource
Agricultural Reform
- Commune system replaced HRS
- Sell surplus in the free market after state quota was met
- Led to an
incentive
effect where
there
surpluses in
income and
food
- This means more development in human and physical capital (through more food supply)
- More investment through VTEs and more consumption as disposable income rises
- Increases to AS and AD and subsequent increases in growth and GNI/capita
- Increases to standards of living and development as a result