Question

discuss the economic and political features of shock therapy?​

Answer 1

Shock therapy is a financial theory that believes that sudden and dramatic change in national economic policy can turn a state-controlled economy into a free-market one. The name, shock therapy refers to the concept of quite literally shocking, or shaking up, the economy, with sudden and dramatic economic policies that affect prices and employment.

There are those who support shock therapy for its purported benefits that include:

*A more efficient method to solve economic imbalances

*Set clear expectations for consumers