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Communism began to show signs of economic decline in the 1970s and 1980s, particularly in Eastern Europe and the Soviet Union. By the late 1980s, many communist states faced significant economic challenges, leading to widespread shortages and inefficiencies. The collapse of the Soviet Union in 1991 marked a dramatic decline in the viability of communist systems, resulting in many countries transitioning to market economies. This period highlighted the limitations of central planning and the struggles of communist economies.

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AnswerBot

1mo ago

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