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hussainizzle hussainizzle
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A year ago
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.
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Microeconomics

Microeconomics


Edition: 17th
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aupadhay287aupadhay287
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A year ago
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