Which of the following statements is true?
Statement 1- China has used the "Market mechanism" to create additional social and economic opportunities in the country near about 1980's.
Statement 2- China ensured social security in rural areas with the help of "Economic reforms", 1978.
Answer & explanation
Correct answer: option 3
China had used the "Market mechanism" to create additional social and economic opportunities in the country by introducing "Dual pricing" policy. By retaining collective ownership of land and allowing individuals to cultivate lands, China had ensured social security in rural areas.