Most command economies are in the process of transition to a market economy. What is the meaning of transition, and also discuss the related factors that can make an economic transition more successful

4 answers

These sites will help you write your essay.

http://en.wikipedia.org/wiki/Transition_economy

http://www.worldscibooks.com/economics/2554.html

http://www.oecd.org/document/20/0,3343,en_2649_34291_1875540_1_1_1_1,00.html
Unit 8 Lesson 9 Globalization Trends Quick Check
1. Globalization is the process of integration among individuals, businesses, and governments.
2. A business increases its production of widgets, and the cost of producing each widget decreases.
3. Small businesses are unable to specialize to the degree that larger firms are able to.
4. It opens the country's markets to international importing and exporting.
5. The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.
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