In order to achieve success, transition economies must
A) impose restrictions on private property rights
B) institute domestic price controls
C) increase government involvement
D) promote domestic competition

Question

Quizplus · Accepted Answer

Promoting domestic competition is crucial for transition economies as it encourages efficiency, innovation, and growth by allowing market forces to dictate the allocation of resources, leading to a more vibrant and competitive economy.

In Order to Achieve Success, Transition Economies Must