Transition economies were once socialist states but have been largely transformed into capitalism-based systems, partly through ________.
A) low inward FDI
B) high trade barriers
C) low energy consumption
D) privatization of state-owned industries

Question

Quizplus · Accepted Answer

Transition economies have largely transformed into capitalism-based systems through the privatization of state-owned industries, moving away from government control towards private ownership and market-based principles.

Transition Economies Were Once Socialist States but Have Been Largely