Questions what is the main features of the socialist economy?

Ways of transition to a market economy?

Key words: developed countries, developing countries, former socialist countries

The transition to a market economy would require state intervention alongside market liberalization, privatization and deregulation. Rationing of essential consumer goods, trade quotas and tariffs and an active monetary policy to ensure that there was sufficient liquidity to maintain commerce might be needed.

17. 
    Liberalization of the economy?
    

Key words: monopoly, distribution of resources, transactional contracts

Economic liberalization is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" in order to encourage economic development.

18.