ABSTRACT

Under equilibrium conditions, the market is fully developed with flexible pricing, and resource investment of microeconomic units is governed by self-benefits. Type I economic disequilibrium refers to the state where the market is underdeveloped with inflexible pricing, coexistence of excess demand and supply, and the co-occurrence of constraints on demand and supply. Type II economic disequilibrium refers to the state where the market is underdeveloped with inflexible pricing, coexistence of excess demand and supply, and the co-occurrence of demand and supply constraints. Stocking-holding system or stock cooperative system of private enterprises, including micro, small, medium, large enterprises or stock cooperatives has also made remarkable achievements. The collective forestry ownership system reform was solidly carried out in rural areas and was greatly welcomed by farmers. They called for quick approvals of land ownership and early awarding of deeds in rural areas.