When a government moves from a centrally planned economy to a market economy,this is an example of ______ policy.

Question

Quizplus · Accepted Answer

Moving from a centrally planned economy to a market economy is a structural policy change. It involves restructuring and liberalizing economic policies and systems to shift from state control to market-based principles. Monetary policy refers to the management of the money supply and interest rates by a central bank, fiscal policy refers to government spending and taxation, and trade policy deals with international trade agreements and tariffs. Environmental policy relates to regulations and laws aimed at protecting the environment.

When a Government Moves from a Centrally Planned Economy to a Market