Lessons about the nature of economic processes will likely emerge from the analysis of transitional economies.

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Transitional economies are those that are moving from a planned economy to a market economy, or from a centrally controlled economy to a more decentralized one. Because these economies are undergoing significant changes and often face unique challenges, studying them can provide insights into the workings of economic systems that may not be apparent in more stable, developed economies. As such, lessons about the nature of economic processes are likely to emerge from the analysis of transitional economies.

Lessons About the Nature of Economic Processes Will Likely Emerge