Policies That Shape the Economic Transition Process

Published: 2021-06-29 06:35:59
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Privatization: the sale and/or legal transfer of government-owned resources to private individuals and/or entities
Deregulation: the relaxation or removal of restrictions on the free operation of markets and business practices
Property rights: the protection of real (tangible) and intellectual (intangible) property

The benefits of doing business in a given country are directly influenced by the size of the market, the wealth of consumers, and the openness, the stability, and the growth potential of the economy.
The power of economic analysis is a function of identifying the best possible indicators and then understanding how they work both in isolation and interactively.
The type of economic system is a strong predictor of a nation's present economic performance and its future economic prospects.

Fiscal and monetary reform: the reliance upon market-oriented instruments to achieve macroeconomic stabilization, the setting of strict budgetary limits, and the use of market-based policies to manage the money supply
Antitrust legislation: laws designed to maintain and promote market competition, i.e., to prohibit the anticompetitive behavior of monopolies

Market Economy: a free-market (capitalistic) economy built upon the private ownership and control of the factors of production
Command Economy: a centrally-planned economy built upon government ownership and control of the factors of production
Mixed Economy: an economy in which economic decisions are largely market-driven and ownership is largely private, but significant government intervention is still evident

Privatization: the sale and/or legal transfer of government-owned resources to private individuals and/or entities

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