In a transitional economy, a ___ economy is changing to a mixed-market economy
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The answer to the above fill in the blank is 'centrally planned'
In a transitional economy, a 'centrally planned economy' is changing to a mixed-market economy.
Transitional economies go through different structural transformations in order to develop market based institutions. An economy is said to be in transition when it is converting from a centrally planned economy to a mixed market economy.
In simple words economy is changing from being one under control of government to being a market economy.
In a transitional economy, a 'centrally planned economy' is changing to a mixed-market economy.
Transitional economies go through different structural transformations in order to develop market based institutions. An economy is said to be in transition when it is converting from a centrally planned economy to a mixed market economy.
In simple words economy is changing from being one under control of government to being a market economy.
acebree2019:
its command
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A country with a Transitional economy is involved in the process of shifting from a Centrally planned economy towards a mixed market economy.
Centrally planned economy is also called as Command economy.
A mixed market economy is basically a market economy that has few command elements. Eg. Economy of United States.
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