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A country followed a command economy. Now it plans to follow a capitalist economy. Which of these changes will occur in this country due to the change in the style of economy?
Transitioning from a command economy to a capitalist economy will likely result in increased private ownership of businesses and a reduction in government control over economic activities. Market forces will begin to dictate prices and production, encouraging competition and innovation. Additionally, there may be a shift in consumer behavior as individuals gain more choices and the ability to influence demand through their purchasing decisions. This transition could also lead to challenges such as income inequality and the need for regulatory frameworks to ensure fair practices.
What did Deng Xiaoping not do to begin the transition of China and economy away from central planning and toward a market-based economy?
Deng Xiaoping did not completely abandon central planning; rather, he retained key elements of it while introducing market-oriented reforms. He avoided a rapid, wholesale privatization of state-owned enterprises, opting instead for a gradual approach that allowed for the coexistence of state and private sectors. Additionally, he did not implement a fully liberalized market economy but instead focused on establishing Special Economic Zones to experiment with market mechanisms. This cautious strategy allowed for controlled economic growth and stability during the transition.
When did traditional economy begin?
has been around since 19th centry
Why can a lack of freedom hurt a country's economy?
because then people begin to rebell
When did market capitalization begin?
Market capitalization begins at the start of any company. It is calculated by multiplying outstanding shares by the current market price of one share.
What resulted from Lenins new economic policy?
Russia's devastated economy began to recover.Russia was forced to begin importing food products.Russia was forced to begin importing food products.
Why did the depression begin and end?
Begin: Stock Market Crash End: WW2
When did Japan's economy begin to grow?
The Japanese economy grew remarkably throughout the 1960s, '70s, and '80s.
What is the minimum age you can begin working as a photographer?
There is not a different one for photographers alone. You may begin working according to the legislation where you live.
What did conditions in factories begin to decline?
Factories begin because of the working conditions.
When do the futures market begin?
in the future
When did Louis Gallois begin working for the French Government?
French Government, 1972-1989. Beginning in 1972 he worked in relative obscurity in various posts for France's Ministries of Economy and Finance, Research and Industry, and Defense.
What does get the show on the road mean?
To begin working.
When did traditional economy begin?
has been around since 19th centry
When did Mother Teresa leave teaching to begin working with poor?
In !936 to begin the help for the poor
What do you need to begin working as a professional photographer?
a camera
Why did Venetian artists begin using oil instead of tempera pain?
the economy
