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Comparison of Communist and Capitalist Economies. Is "Shock Therapy" the Best Option during Transition?


Term Paper (Advanced seminar), 2016

9 Pages, Grade: 2,00


Abstract or Introduction

This paper compares and contrasts communist party and economic planning in a socialist system with the prices and the market in a capitalist economy. It discusses the successes, failures, effectiveness and flaws of each system in terms of economic and social aspects. Is shock therapy the right approach for a stable long term transition?

Details

Title
Comparison of Communist and Capitalist Economies. Is "Shock Therapy" the Best Option during Transition?
College
University of Applied Sciences Vorarlberg
Grade
2,00
Author
Year
2016
Pages
9
Catalog Number
V341459
ISBN (eBook)
9783668336162
ISBN (Book)
9783668336179
File size
838 KB
Language
English
Keywords
Economic Systems, Communism, Capitalism, Economy, laissez-faire, economic planning, shock therapy
Quote paper
Sanel Muranovic (Author), 2016, Comparison of Communist and Capitalist Economies. Is "Shock Therapy" the Best Option during Transition?, Munich, GRIN Verlag, https://www.grin.com/document/341459

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