The economies of the former soviet union, eastern europe, and china prior to market reforms faced problems caused by lack of coordination and lack of

Question

History

Eleanor Wells

28 October, 07:40

The economies of the former soviet union, eastern europe, and china prior to market reforms faced problems caused by lack of coordination and lack of

+5

Answers (1)

Know the Answer?

Wilcox · Answer 1

As the coordination problems faced by the economies of the former Soviet Union, eastern Europe, and China preceding to market reforms became harder as the economies expanded and as markets also became more complex which led to lack of incentives.

Answer:

lack of incentives