Title: Many economies in central and Eastern Europe, including the countries of the former Soviet Union, ... Post by: hussainizzle on Sep 20, 2022 Many economies in central and Eastern Europe, including the countries of the former Soviet Union, are still in the process of moving from a command economy to a market economy. In the first years of this transition, most of these countries experienced sharp drops in output and reductions in living standards. Economists generally see this as
▸ an indication of the extreme difficulty of transition from one type of economic system to another. ▸ the triumph of capitalism over communism. ▸ the failure of the market system. ▸ the difficulty of corruption in non-market economies. ▸ an indication that these economies should return to being command economies. Title: Many economies in central and Eastern Europe, including the countries of the former Soviet Union, ... Post by: aupadhay287 on Sep 20, 2022 Content hidden
|