Country c used to be a command economy but is now in the process of altering its economic system to embrace free-market capitalism. it is privatizing businesses that the state once owned, granting more political and economic freedoms, boosting trade with western europe, and seeking foreign investment. it's gdp is improving and has reached $9,000 per capita. it is also improving its transit and financial infrastructure. independent banks and a stock market have just been created with imf loan assistance.
look for factors that will you determine what type of economy exists in country c.
what type of economy does country c have?
a. developed
b. developing
c. transitioning
d. command