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What would you see in a economy in transition from central planning to free enterprise?
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∙ 10y ago
nutsack
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∙ 10y ago
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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.
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?
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 problems of transition when central planning in an economy is reduced?
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.
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
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.
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 year did Russia's economy move from communism to a free enterprise system?
Russia is not yet a free enterprise; it is in transition.
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'
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 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.
Does the United States have a free enterprise economy?
Yes, the US has a free enterprise economy.
What are the problems of transition when central planning in an economy is reduced?
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.
