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Was the switch from a command economy to a market economy easy for russia after the cold war?
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Why do most economies in the world today operate in between a market economy and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere between a market economy and command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere between a market economy and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
Why do most economies in the world today operate somewhere in between a market and a command economy?
Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.
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