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

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Malaki Sullivan

History

4 March, 06:20

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

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Josh Guerra · 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