The government of Great Lanthania is planning to adopt a market-based economic system.To be able to do so,the government of this country should

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Adopting privatization is necessary for the government to adopt a market-based economic system. This means that state-owned enterprises and industries should be sold to private entities and managed by them according to market forces. It will promote competition, efficiency, and productivity in the economy. Abolishing laws that deal with protection of property rights and introducing stringent foreign investment regulations will have a negative impact on the market-based economic system. Increasing intervention in the economy will diminish the role of the market forces, and opposing democracy is unrelated to the adoption of a market-based economic system.

The Government of Great Lanthania Is Planning to Adopt a Market-Based