Comparison of Communist and Capitalist Economies. Is 'Shock Therapy' the Best Option during Transition?
| Autor: | Sanel Muranovic |
|---|---|
| EAN: | 9783668336162 |
| eBook Format: | |
| Sprache: | Englisch |
| Produktart: | eBook |
| Veröffentlichungsdatum: | 07.11.2016 |
| Kategorie: | |
| Schlagworte: | Capitalism Communism Economic Systems Economy economic planning laissez-faire shock therapy |
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Seminar paper from the year 2016 in the subject Economics - Other, grade: 2,00, University of Applied Sciences Vorarlberg, language: English, abstract: 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?
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