___________ is an economy that is changing from a centrally planned economy to a market economy.
A) Transfer economy
B) Transitional economy
C) Developed economy
D) Low-developed economy

Question

Quizplus · Accepted Answer

A transitional economy is an economy that is in the process of moving from a centrally planned economy to a market economy. This transition involves significant changes in economic institutions, laws, and regulations, and can be a challenging process for countries making the transition. Examples of transitional economies include Russia, China, and Vietnam.

___________ Is an Economy That Is Changing from a Centrally