As Eastern European economies embraced capitalistic processes in the 1990s,they

Question

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One of the key features of transitioning to a market economy is the reduction or elimination of price controls, which is what Eastern European economies did in the 1990s. This allowed market forces to determine prices based on supply and demand, rather than government intervention.

Answer: B, D, E are incorrect
 Eastern European economies did not increase government ownership of factories or rely more heavily on central planning by government bureaucracies as they were transitioning to a market economy. Instead, they were moving away from central planning towards a more decentralized, market-based approach. It is also unrealistic to suggest they were able to eliminate poverty virtually overnight.

As Eastern European Economies Embraced Capitalistic Processes in the 1990s,they