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What are the problems of transition when central planning in an economy is reduced?
Wiki User
∙ 11y ago
usually unemployment increases due to privatisation
inflation also increased as a result of remaval of price controls
the other problem is social unrest,most people that benefitted from central planning will suffer and so cause strikes and social unrest.
the lack of a profit motive in central planned economies mean that most businesses lack entrepreneurship skills so some of these newly established businesses fail.
Wiki User
∙ 11y ago
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What would you see in a economy in transition from central planning to free enterprise?
nutsack
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
What are some examples of transition economy?
A transition economy is one that is changing from central planning to free markets. Some of these are Poland, Hungary, and Bulgaria.
Why is china said to have a transition economy?
Some time ago, the Chinese Communist Party decided that planting seeds of a free market economy would be in the best interests of the entire nation. China has made substantial strides in this area. One prime example is that a stock exchange exists in Shanghai. Despite this trend, the transition to a free market economy cannot advance as long as China has a one party system. Based on the one party system, the so-called transitional economy, is at the mercy of post modern day Marxist-Leninists who may decide to revert back to total central planning.
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
What would you see in a economy in transition from central planning to free enterprise?
nutsack
What does the economy of China is is in transition mean?
The economy is moving from central planning toward a market-based system.
The economy of china is in transition .what does this mean?
The economy is moving from central planning toward a market-based system.
What does it mean when china is in transition?
The economy is moving from central planning to a market-based system.
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
What are some examples of transition economy?
A transition economy is one that is changing from central planning to free markets. Some of these are Poland, Hungary, and Bulgaria.
What is characterized by more government ownership and central planning?
Socialist economy is characterized by more government ownership and central planning.
What has the author Leong H Liew written?
Leong H. Liew has written: 'The Chinese economy in transition' -- subject(s): Economic policy, Economic conditions, Central planning, Capitalism 'Corruption as a form of insurance'
What does characterized by more government ownership and central planning mean?
mixed economy
Why is china said to have a transition economy?
Some time ago, the Chinese Communist Party decided that planting seeds of a free market economy would be in the best interests of the entire nation. China has made substantial strides in this area. One prime example is that a stock exchange exists in Shanghai. Despite this trend, the transition to a free market economy cannot advance as long as China has a one party system. Based on the one party system, the so-called transitional economy, is at the mercy of post modern day Marxist-Leninists who may decide to revert back to total central planning.
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
