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What is one of the first steps a nation takes in transitioning from a non-capitalist economy to a free market economy? Explain the importance of this step. (privatization

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Krish0967

Answer:

The transition process is usually characterized by the changing and creating of institutions, particularly private enterprises; changes in the role of the state, thereby, the creation of fundamentally different governmental institutions and the promotion of private-owned enterprises, markets and independent financial . I hope this will help you

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