Research on the Effect of Private Economy Empowering Common Prosperity in Zhejiang Province Based on Entropy Weight Method and Regression Model
Abstract:
The private economy serves as a vital new force in advancing Chinese modernization, an important foundation for high-quality development, and the greatest feature, most valuable resource, and most significant advantage of Zhejiang's economy [1]. Common prosperity is an essential requirement of socialism with Chinese characteristics and an inevitable response to addressing the principal challenges in Chinese society [2]. In response to the call of the new era, the private economy, as the largest component of Zhejiang's economy, is inextricably linked to the province's pursuit of common prosperity and its progress in urbanization [3]. Studying the impact of private economy on enabling common prosperity in Zhejiang Province may provide a reference and inspiration for guiding private enterprises to play a more efficient role in the future. Based on the entropy weight method, this paper establishes a mathematical model, constructs and evaluates an indicator system for the private economy and common prosperity, and scientifically demonstrates the role of Zhejiang's private economy in promoting common prosperity. Finally, it proposes policy recommendations centered on innovation and people's needs, emphasizing strengthened governmental support for the development of the private economy to accelerate the process of common prosperity.
