Last Updated 12 May 2020
What is one way a country could change from a command economy to a market economy?
A1: The main characteristic of the transition from a command economy to a market economy in any country is the privatization process which refers to all state-owned organizations and businesses. Other significant features include no price control by the government and no tariff barriers.
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A2: A country can turn into market economy only if there are fewer companies which are owned by government. There should be more a developed private sector. What is one way a command economy affects the lives of private citizens? It is that people can change their job positions relatively easily
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What is one way a country could change from a command economy to a market economy?. (2018, Oct 09). Retrieved from https://phdessay.com/what-is-one-way-a-country-could-change-from-a-command-economy-to-a-market-economy/