Which feature of transition economies is described by prices being set by supply and demand and removal of trade barriers?

Question

Quizplus · Accepted Answer

Liberalization refers to the process of removing trade barriers and allowing prices to be set by supply and demand. Privatization refers to the transfer of state-owned assets to private ownership, budget reform refers to government spending and taxation policies, maturation refers to the process of becoming fully developed, and stabilization refers to efforts to reduce inflation and stabilize the economy.

Which Feature of Transition Economies Is Described by Prices Being