Over the past 30 years, most economies of the world have begun moving toward the market end of a spectrum that ranges from pure planned economy at one extreme to pure market economy at the other. This has led to:

Question

Quizplus · Accepted Answer

As economies move towards market-oriented systems, they often reduce bureaucratic hurdles or "red tape" to encourage business operations and economic growth, especially in previously socialist governments.

Over the Past 30 Years, Most Economies of the World