Question

What was Shock Therapy?

Answer 1

Shock therapy is a term used by some non-economists to refer to the sudden release of price and currency controls (economic liberalization), withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large-scale privatization of previously public-owned assets.

Answer 2

Answer :
This was the process of therapy through which shocks was given to any people for treatment or you can say that tha shock therapy was used to change the mind of any person from a specific topic.

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