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What problems existed in Eastern European economy under communist rule?
Their industry wasnt all that good because of shortages in goods and heavy pollution in their outdated factories. All this due to the communist ruling.
What type of economy recently collapsed in the communist bloc countries of Eastern Europe and the Soviet Union?
command economy
What type of economy recently collapsed in the communist bloc countries of Eastern Europe and the former Soviet Union?
command economy
What eastern European country has not adopted a free market economy?
Belarius
Why did the Eastern European nations maintain the institution of serfdom and how did that policy retard economic development?
Serfdom was an unsustainable economic system, and it stunted the growth of the eastern European economy because eastern Europe maintained a farm-based economy long after the rest of the world had turned to an industrial economy.
How have eastern European countries taken the best of both communist rule and a market economy?
The ideas of the two philosophies are not compatible so no Europeans have taken them to use them together. To have an market economy freedom is needed for the production, but communism doesn’t allow for the free creation of capitalism.
How do the problems of forming a single-market economy in the European Union differ from those of adjusting to free enterprise in eastern Europe?
In the EU, different points of view make unity more difficult. In Eastern Europe, industries have to update their methods of production.
European nations moved away from communist rule except who?
/* Russia */ BELARUS has resisted efforts to introduce a market economy.
What were the 2 major issues facing eastern Europe after the collapse of communism?
1. What form of government should be formed in the different nations. 2. How to convert a communist economy into a free market economy.
What kind of economy does Angola have?
Angola has a communist economy!
What is the economy for Laos?
Communist
What the difference between Western and Eastern Europe throughout the cold war?
Western Europe had a much stronger economy. Eastern Europe fell into poverty and more Eastern European countries became police states.
