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When a State planned economy transitions toward a free market economy they engage in privatization of resources. For privatization to be successful what must the State also do?

When a State planned economy transitions toward a free market economy they engage in privatization of resources. For privatization to be successful what must the State also do?


What cause a shift toward a service-based economy in the 1970s?

The shift toward a service-based economy in the 1970s was driven by several factors, including technological advancements that increased productivity and reduced the need for labor in manufacturing. Additionally, rising consumer demand for personalized services and experiences contributed to the growth of sectors like healthcare, finance, and retail. Economic globalization also played a role, as companies began outsourcing manufacturing to countries with lower labor costs, further emphasizing the importance of service industries in developed economies.


Why most county are goging toward market economy?

Countries that are currently undergoing industrialization are switching to a market based economy.


What were the Economic elements of communism?

A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people


How do you use command economy in a sentence?

It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.

Related Questions

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 the economy of China is is in transition mean?

The economy is moving from central planning toward a market-based system.


Which was not a contribution to the shift of the Southern economy toward slavery?

slaves


When a State planned economy transitions toward a free market economy they engage in privatization of resources. For privatization to be successful what must the State also do?

When a State planned economy transitions toward a free market economy they engage in privatization of resources. For privatization to be successful what must the State also do?


What was the economy like during the baby boom?

The economy was bouncing back because they started to gear toward products.


How do use economy in a economy in a sentence?

It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.


Why most county are goging toward market economy?

Countries that are currently undergoing industrialization are switching to a market based economy.


During the Reagan years what did America continue to do?

move toward a service economy


What were the Economic elements of communism?

A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people


What did Gorbachev hope that perestroika would accomplish?

.a smooth transition for the USSR toward a market economy.


What has the author W Chambliss written?

W. Chambliss has written: 'Toward a Political Economy of Crime'


How do you use command economy in a sentence?

It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.