Question

define shock teraphy​

Answer 1

Shock therapy is an economic theory that says that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy. Shock therapy is intended to boost economic production, increase the rate of employment, and improve living conditions.

#ItzurAdi✨

Answer 2

Answer:

In economics, shock therapy is the sudden release of price and currency controls, withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large-scale privatization of previously public-owned assets