Country X is in the process of transforming from a command economy to a market economy.This process most likely involves ________.

Question

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The process of transforming from a command economy to a market economy involves the privatization of many factors of production. This means that the state-owned enterprises are being sold to private individuals who can operate them for profit. This is a gradual process, and it does not involve violent political and legal upheaval. While high economic growth rates may be a desirable outcome, it is not a necessary part of the transformation process. Standardized procedures implemented by the state are more likely to be a characteristic of a command economy.

Country X Is in the Process of Transforming from a Command