Which of the following best supports the economic transformation from a centrally planned command economy to a market-based economy?

Question

Quizplus · Accepted Answer

Transferring the ownership of state property into the hands of private individuals is a clear indication of moving away from a centrally planned economy towards a market-based economy, where private individuals have more control over the means of production and distribution. The other options listed, such as reserving heavy industry for state-owned enterprises, having a strict industrial licensing system, restricting imports, and charging high taxes, all suggest a continuation of central planning and state control over the economy.

Which of the Following Best Supports the Economic Transformation from a Centrally