In the Galactic Republic, before the evil emperor took over, people owned all the businesses and industries privately. Sure, there were some taxes and a little regulation, but businesses were free to determine their own prices, wages, and levels of production. This economy sounds most like…? Why?

The picture below shows president richard nixon and the first lady standing before the great wall of china in 1972. they are smiling - as are the chinese with them. when this picture was shown on american television, americans were aware that it was a historic moment. what are two reasons why this moment was important for both china and the united states?