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The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [27] China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
A discount is available for households with only black-and-white television sets. A 50% discount is also offered to people who are registered blind or severely visually impaired, [128] and the licence is completely free for any household containing anyone aged 75 or over. However, from August 2020, the licence fee will only be waived if over 75 ...
Some local Conservative-run councils enacted profitable local sales schemes during the late 1960s. By the 1970s, many working-class people could afford to buy homes, and eagerly adopted Thatcher's invitation to purchase their homes at a sizable discount. The new owners were more likely to vote Conservative, as Thatcher had hoped. [79] [80]
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