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class savings theory (D3)<br />The supposition that in a two-class society consisting of capitalists and workers only capitalists save and workers consume all of their incomes. This is an integral part of Cambridge growth theories. References Kaldor, N. (1956) 'Alternative theories of distribution', Review of Economic Studies 23: 83-100.
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one country, two systems (P4)<br />A CENTRALLY PLANNED EillNOMY which permits CAPITALISM to operate in part of it. This arrangement was designed for Hong Kong when it ceased to be a British colony in 1997 so that capitalism could survive in the planned Chinese economy.
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